Orange Has Juice: A Pending Masmovil Deal Is 'Most Anticipated Event This Year,' Analyst Says
Portfolio Pulse from Priya Nigam
Shares of Orange SA (NYSE:ORAN) rose in early trading on Wednesday. The company's stock is favored by investors due to improving competitive trends, lower investment needs, consolidation opportunities, infra ownership, and growing dividend returns. Analyst Titus Krahn upgraded the rating for Orange from Underperform to Buy, raising the price target from €8.80 ($9.23) to €13.00 ($13.64). A pending deal with Masmovil Ibercom SA is also a factor for investors to consider.
October 04, 2023 | 4:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Orange SA's stock is on the rise due to favorable market trends and an upcoming deal with Masmovil. The company's rating has been upgraded from Underperform to Buy by BofA Securities analyst Titus Krahn.
The rise in Orange SA's stock can be attributed to several factors. Firstly, the company is operating in an improving domestic market with growth engines abroad. Secondly, the company's rating has been upgraded by a BofA Securities analyst, which is a positive sign for investors. Lastly, a pending deal with Masmovil could potentially boost the company's position in the European telecom sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100