Orange shares have been stuck in a horizontal trading range. Investors could benefit from a return of the share price to the lower level of the trading range to build up new long positions. Investors should buy the stock at current prices near € 13.2 in order to target the € 14.05.
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 13.21 EUR in weekly data.
Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 13.16 support.
The company is one of the best yield companies with high dividend expectations.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
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
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