Orange Stock Hits New Five-Year High of €18.74 on AGM Day

A New Record at €18.74 Extends Annual Rally Above 46%

The telecom operator's stock reached €18.74 during the session, a five-year peak surpassing the previous record of €18.73. This marks the third time in two weeks that the stock has set a new high, after reaching €18.68 on May 13 and €18.39 on May 12, as tracked in our stock monitoring. The rally intensified following the first quarter results, with the company reporting a revenue growth of 3.5% and a 6.6% increase in EBITDAaL, as detailed in the quarterly accounts publication. In early May, Goldman Sachs raised its target to €21.60 and upgraded to a buy rating. The one-year performance is at 46.64%, with a three-month gain of 10.63%. With a current price of €18.675, the stock is among the notable risers in the CAC 40, which itself has advanced 0.89% during the session.

Stock Exceeds Upper Bollinger Band on AGM Day

The stock is currently 4.39% above its 20-day moving average (€17.89) and 5.75% above the 50-day moving average (€17.66). The previous resistance at €18.54, identified last week, has been breached. This breakthrough is accompanied by exceeding the upper boundary of the Bollinger Bands at €18.60, indicating an extension movement. However, the RSI at 58 remains in the neutral zone, without a marked overheating signal. Regarding the schedule, the 2026 mixed general meeting is held today. Upcoming key dates include the publication of first half results on July 28, 2026, followed by third quarter results on October 27, 2026. The sector context remains favorable: the consortium formed with Bouygues and Free for the acquisition of SFR's assets, valued at €20.35 billion in enterprise value, had secured an exclusivity period until May 15, 2026, as recalled in the joint offer announcement. The next concrete milestone for shareholders is the semi-annual publication on July 28.