The selling pressure regarding Orange shares could subside shortly. In fact, the support area that is currently being tested around 14.22 EUR has come into play and could, at least in the short term, keep the downside pressure at bay. Investors have an opportunity to buy the stock and target the € 15.2.
The company has solid fundamentals for a short-term investment strategy.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 14.22 EUR in weekly data.
The close medium term support offers good timing for purchasing the stock.
The company is one of the best yield companies with high dividend expectations.
For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The stock is in a well-established, long-term rising trend above the technical support level at 14.22 EUR
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The group shows a rather high level of debt in proportion to its EBITDA.
The company's earnings releases usually do not meet expectations.
Sector Integrated Telecommunications Services - NEC