Orange: Oddo still a buyer

(CercleFinance.com) - Orange will publish its 2021 results and 2022 targets on 17 February 2022.


The stock remains largely untouched by investors at its lows, while the likelihood of a first cash flow recovery since 2011 is at its highest, Oddo believes.

For 2022, analysts forecast a 28% increase in FCF to over 2.8 billion euros (excluding Orange Bank), supported by a 2.5% increase in EBITDA and a 5% decrease in capex.

Oddo confirms its buy recommendation on the stock with a target of 11 euros (current price about 9.8 euros, +0.3%).



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