The selling pressure regarding Orange shares could subside shortly. In fact, the support area that is currently being tested around 13.73 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 € 14.51.
In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
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 13.4 EUR in weekly data.
The close medium term support offers good timing for purchasing the stock.
The company's attractive earnings multiples are brought to light by a P/E ratio at 14.45 for the current year.
The company is one of the best yield companies with high dividend expectations.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The company is in debt and has limited leeway for investment
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
For the last few months, analysts have been revising downwards their earnings forecast.
Sector Integrated Telecommunications Services - NEC