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Fly News Breaks for November 25, 2019
ORAN
Nov 25, 2019 | 06:43 EDT
As previously reported, Societe Generale analyst Stephane Schlatter upgraded Orange SA to Buy from Hold with a price target of 17 euros, up from 15 euros. The analyst expects Orange France's DSL wholesale revenues to decline significantly as competitors' DSL subscribers migrate to fiber-to-the-home, or FTTH, but this should be mostly offset by new FTTH wholesale revenues and greater broadband penetration. Orange's 5% dividend yield is "attractive and secure," added the analyst.
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