Orange Shares Fall by 1.29% During Monday's Session on January 5
Orange shares fell by 1.29% on Monday, January 5, during the trading session, closing at 14.1550 euros compared to 14.34 euros at the previous close. This decline occurred in a market characterized by low activity, with only 0.12% of the capital traded. Despite this, the stock has maintained a slight weekly gain of 0.71%, while its quarterly performance shows a solid increase of 6.27%. The year 2025 has been exceptional for the telecom operator with a surge of 46.9%, positioning it among the best performances on the Paris stock exchange. The price is currently fluctuating between a support level identified at 13.66 euros and a resistance set at 14.34 euros, a level surpassed last Friday but lost during this session. Technically, Orange's stock is above its key moving averages, indicating an underlying bullish trend. The 50-day moving average is at 13.96 euros and the 200-day at 13.37 euros, a difference of 0.59 euro confirming the positive long-term momentum. The RSI is at 78, entering the overbought zone beyond 70, which suggests a possible technical pause or consolidation in the short term after the strong performance over the past year.
In mid-December 2025, the Spanish bank Grupo Santander raised its price target on Orange from 15.90 to 16.10 euros, while maintaining its outperformance recommendation. This revision offers a potential upside of 13.8% from the current price of 14.1550 euros. This decision comes in a favorable strategic context, marked by the signing on December 12 of the agreement with Lorca to acquire the remaining 50% of MasOrange for 4.25 billion euros in cash, allowing Orange to take full control of the leading Spanish operator by number of customers. The transaction is expected to be finalized in the first half of 2026, subject to regulatory approvals. Additionally, the credit rating agency Moody's has maintained Orange's credit rating following this acquisition, validating the financial strength of the group. At the end of November, JP Morgan also raised its price target to 19 euros, maintaining an overweight recommendation. The next major event for investors will be the publication of the annual results for 2025 scheduled for February 18, 2026, as the group aims for an adjusted Ebitda growth of at least 3.5% for the past year and an organic telecom activities cash flow of at least 3.6 billion euros.
The latest results published for the third quarter of 2025 show a revenue of 9,993 million euros, up 0.8% year-over-year, and an adjusted Ebitda of 3,437 million euros representing a margin of 34.4%. Over nine months, the cumulative revenue reached 29,846 million euros. The group particularly benefits from strong growth in its activities in Africa and the Middle East, where Orange Money has 44.2 million active users, as well as from close to 300 million euros in MASORANGE synergies expected by the end of 2025. The creation of PremiumFiber with Vodafone Spain and GIC also enhances infrastructure monetization. The MACD shows a positive configuration with a line at 0.06 above its signal line at -0.01, confirming the good orientation of the stock despite the day's decline. The positive MACD histogram at 0.06 validates this medium-term bullish dynamic. However, the competitive environment in Europe, the challenges in the IT market impacting Orange Business with a 4.3% revenue decline in the third quarter, and the plan to cease Orange Bank's activities are points of vigilance. The group nevertheless maintains strict discipline on network investments and aims for a stable net debt to Ebitda ratio of around 2x in the medium term.
