UBS reiterates its Buy recommendation on the stock, with an unchanged target price of E12.7, representing a potential upside of 15% from the current price.

' The meeting with Orange management in France and Spain has reassured us on two key re-rating catalysts: the stabilization of EBITDAaL in France and the implementation of synergies in Spain' says UBS.

The telecom operator has reconfirmed its financial targets as presented on February 16, notably for 2023, including a slight growth in EBITDAaL and organic cash flow from telecom activities of at least 3.5 billion euros.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.