Orange Shares Continue to Rise After Completion of MasOrange Buyout
The telecom operator cautiously moves into the green this Tuesday, extending the momentum started the previous day with the agreement on SFR and the buyout of the remaining shares of MasOrange. Two brokerage houses have raised their price targets, fueling a calmer session than those at the start of the week. The stock remains below its 20-day moving average and in contact with its 50-day moving average.
JP Morgan and Intesa Sanpaolo Raise Their Targets on the Spanish Case
JP Morgan raised its price target on Orange from €21.00 to €21.80 on Monday, maintaining its overweight recommendation. Intesa Sanpaolo aligns with a target of €19.20 accompanied by a buy recommendation.
These revisions occurred on the day of the finalization of the buyout of the remaining 50% of MasOrange from Lorca, for €4.25 billion in cash. This transaction brings the French operator's ownership to 100% of its Spanish subsidiary, whose accounts will now be fully consolidated.
The Stock Stalls Under Its 20-Day Moving Average After Mid-May Peak
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At €17.87, the price is 1.27% below the 20-day moving average set at €18.10, and remains in contact with the 50-day moving average at €17.88. The medium-term trajectory remains solid, with a price that maintains a 14.55% margin above the 200-day moving average at €15.60.
The RSI at 48 reflects market balance after last week's decline, and the MACD remains in negative territory. The stock has not reached the five-year high recorded at €18.74 on May 19, the day of the general meeting.
Over one year, the performance exceeds 40%, in a CAC 40 that is up 0.91% at mid-session. The next technical reference remains the support identified at €17.39.
Ces excellentes performances nous permettent aujourd'hui de relever nos objectifs annuels
Risks mentioned
Orange Business en repli de -3,1 %, toujours pénalisé par un environnement de marché difficile
EBITDAaL d'Orange Business en baisse de -6,4 % sur le semestre
Endettement net porté à 35,7 milliards d'euros, ratio dette/EBITDAaL à 2,4x après MasOrange
Opportunities identified
Contrôle exclusif à 100 % de MasOrange renforçant la position en Espagne
Projet d'acquisition conjointe de SFR pour environ 5,6 milliards d'euros de part Orange
Croissance à deux chiffres en Afrique et Moyen-Orient (+13,9 % de chiffre d'affaires)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
