Orange Shares Climb Nearly 2% and Lead the CAC 40

A Significant Rise Places Orange Among the Top Gainers of the CAC 40

Orange's stock ended the session up 1.93% at €17.99, compared to €17.65 the previous day. The stock is among the strongest gainers in the CAC 40, while the index fell 0.18% to 8,188.65 points. This movement extends the positive sequence recorded since the beginning of the week, following two structuring announcements for the operator. The acquisition of the remaining 50% of MasOrange in Lorca for €4.25 billion, completed on June 8, allows it to fully consolidate its Spanish subsidiary. A few days earlier, the agreement signed with Bouygues Telecom and Free for the acquisition of SFR's assets, valued at €20.35 billion, reshaped the French telecoms landscape. Over one year, the performance reached 41.22%, illustrating a sustainable revival of the stock.

A Stock Approaching its 20-Day Moving Average with Support from Two Brokers

Today's rebound brings the price just below the 20-day moving average, the MM20 being at €18.08, a difference of -0.47%. However, the stock has moved back above its MM50 at €17.89, and maintains a cushion of over 15% above its MM200 at €15.61. The RSI at 46 remains in the neutral zone, without any extension signal. Regarding recommendations, two firms have issued their opinions this week. CIC Market Solutions published a 'hold' rating on June 9 with a target of €17.50, slightly below the current price. Kepler Cheuvreux reaffirmed its 'hold' at €18.00 the day before, indicating marginal potential. The sustained crossing of the MM20 at €18.08 remains the technical benchmark to observe to validate the bullish recovery that began at the start of the week.