ORA.PA - Orange S.A.

Paris - Paris Delayed Price. Currency in EUR
+0.11 (+0.82%)
At close: 5:20PM CET
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Previous Close13.34
Bid0.00 x 0
Ask0.00 x 0
Day's Range13.34 - 13.47
52 Week Range13.08 - 15.38
Avg. Volume7,180,489
Market Cap35B
Beta (3Y Monthly)0.40
PE Ratio (TTM)18.14
EPS (TTM)0.74
Earnings DateFeb 13, 2020
Forward Dividend & Yield0.70 (5.25%)
Ex-Dividend Date2019-12-02
1y Target Est17.10
  • GlobeNewswire

    Press release Orange: Transactions carried out as part of a share buyback program and outside of a liquidity contract

    Orange announces that it has purchased treasury shares within the framework of its 2019 share buyback program. The 9.1 million shares “Orange Vision 2020” plan and the long term incentive plan, which are conditional on presence and performance, have been respectively proposed to all Group employees and key managers with the aim of sharing the benefits of the "Essentials2020" strategic plan across the Group.

  • GlobeNewswire

    Press release- The EIB supports Orange’s network deployment in AMII areas with a 700-million euro loan

    Orange announces the signature of a 700-million euro loan with the European Investment Bank to finance part of the deployment of the Group’s Very High Speed ​​Broadband network in France in the "Appel à Manifestation d’Intentions d’Investissements" (AMII) areas. This loan will address all investments made in France within this zone and will help finance the completion of the deployment of Orange’s networks in the AMII areas.

  • Benzinga

    Bank Of America On Orange Investor Day: Increase In Capital Expenditure To Fund Growth

    Orange SA (NYSE: ORAN ) this week published its 2025 Plan. The plan suggests the company is preparing to take on some short-term pain for long-term gains, according to Bank of America Merrill Lynch. The ...

  • Orange Joins Phone Industry’s Big Infrastructure Sell-Off

    Orange Joins Phone Industry’s Big Infrastructure Sell-Off

    (Bloomberg) -- Orange SA will seek to extract greater value from its telecom infrastructure, joining rivals in selling stakes in mobile-phone towers and fiber-optic networks.In a first step, France’s largest phone carrier is selling 1,500 mobile towers in Spain to Cellnex Telecom SA for 260 million euros ($288 million), it said Wednesday in a statement unveiling a five-year strategic plan.Orange will set up separate companies to house its 40,000 cellular towers and look for partners to help finance the costly roll-out of fiber networks in France and elsewhere in Europe.Its shares fell as much as 4.8%, the biggest intraday drop in more than three years, after the company issued new forecasts for profits and dividends in the near term that were weaker than analysts had expected. Orange Slides to Almost 3-Month Low as Investor Day DisappointsThe carrier is a relative latecomer to an industry push to hive off network infrastructure into separate businesses to boost its value and bring in new investors. There’s big demand for those assets among funds seeking reliable investment returns. Their involvement could help Orange to cut investment costs and boost a share price that’s barely changed in half a decade, frustrating the government, which owns almost a quarter of the company. The company’s new financial targets see capital spending starting to decline from 2022 once it’s made investments in radio-access network sharing deals in Spain and Belgium and completed the bulk of a fiber-to-the-home fixed-line deployment in France. Ecapex, Orange’s term for capital spending, is expected to grow by around 200 million euros in 2020, then stabilize in 2021 before starting to decline the following year.Read more: Orange’s Midterm Outlook Ambition Hindered by Pressures: ReactMaking the most of infrastructure is key to a new target to increase Ebitdaal -- its measure for adjusted operating income -- by 2% to 3% for 2021-2023. That’s after slightly increasing Ebitdaal in 2019 and aiming for “flat positive” Ebitdaal in 2020.The extra profit may not go to shareholders for now: the company set a minimum annual dividend of 70 euro cents until 2023 and said any increase would depend on the amount of organic cash flow.“We believe the short-term guidance is underwhelming versus consensus expectations,” said Barclays analysts in a note. “As such we expect some profit taking after the recent strong stock performance.”Orange stock has gained 1.5% this year through Tuesday, in line with the wider Stoxx Europe 600 telecommunications index, while independent wireless tower company Cellnex has doubled in value.Red LineFor now, Orange’s infrastructure plans are relatively limited compared to those of rivals. While Vodafone Group Plc has set up a separate towers business for which it plans an initial public offering or stake sale, Orange is looking on a market-by-market basis to consider selling non-strategic towers, and will hold on to what it sees as the most valuable sites. While the new tower companies in Europe seek to demonstrate infrastructure value, monetization so far is “very limited,” Jefferies analysts led by Jerry Dellis wrote in a note.Orange will only go so far in separating assets that it still sees as key to its future. Chief Executive Officer Stephane Richard said it is a “red line” for Orange to “keep control” of the infrastructure, while conceding that its share price doesn’t reflect the value of the assets under the current structure.U.S. carriers have been more radical than their European peers in the past decade, selling overall control of their towers to create a large, independent tower industry. Those deals sometimes led to higher costs for the carriers when the tower operators cranked up mast leasing costs.Orange said it will share future fiber broadband deployment in Spain and Poland with other carriers and may find partners for its French fiber rollout. Richard also raised the prospect of a possible IPO for Orange’s Africa and Middle East business, as previously reported by Bloomberg News. (Adds analyst comment in tenth paragraph, detail on fiber plans at end)\--With assistance from Kit Rees.To contact the reporter on this story: Angelina Rascouet in Paris at arascouet1@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Thomas Pfeiffer, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Orange presents its new strategic plan Engage2025

    The story of this new strategic plan is therefore a story of sustainable growth, enabled by the emergence of a reinvented Orange. Orange is committed to inclusion so that each person can benefit from the digital revolution. In addition to its ambitions for regional network coverage, Orange is committed to training and supporting those excluded from the digital ecosystem.

  • Financial Times

    Telecoms chiefs back overhaul of EU competition policy

    The telecoms sector has thrown its weight behind the new European Commission’s plan to create industrial champions and overhaul its approach to competition policy. A letter signed by the chief executives of some of Europe’s largest telecoms companies states that they would support the move to provide Europe with an “industrial policy for digital leadership” which could provide a boost for the struggling sector in its battle with giant US technology companies.

  • Is Orange S.A. (ORAN) A Good Stock To Buy ?
    Insider Monkey

    Is Orange S.A. (ORAN) A Good Stock To Buy ?

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Financial Times

    A gift in a jar: Honey & Co’s Christmas jam, spread and chutney recipes

    We have a tradition of exchanging edible gifts with Julia Chodubska, our head chef and constant inspiration. She brings us Israeli pickles from Kosher Kingdom, the Jewish supermarket in her neighbourhood, ...

  • It Might Be Better To Avoid Orange S.A.'s (EPA:ORA) Upcoming Dividend
    Simply Wall St.

    It Might Be Better To Avoid Orange S.A.'s (EPA:ORA) Upcoming Dividend

    Readers hoping to buy Orange S.A. (EPA:ORA) for its dividend will need to make their move shortly, as the stock is...

  • GlobeNewswire

    Orange: total number of shares and voting rights at October 31th, 2019

    27th November 2019 Orange: information on the total number of shares and voting rights referred to in Article L.233-8 II of the French Commercial Code and Article 223-16 of.

  • GlobeNewswire

    Press release: Orange completes the sale of Orange Niger to Zamani Com S.A.S.

    Orange completes the sale of Orange Niger to Zamani Com S.A.S. Today, in line with the agreement signed in August 2019 between Orange MEA S.A. and the minority shareholders of Orange Niger S.A., and following approval by the relevant authorities, Orange MEA S.A. completed the sale of its entire 95.5% stake in Orange Niger to Zamani Com S.A.S. Zamani Com S.A.S. is wholly owned by Mr Mohamed Rissa of Rimbo Invest and Mr Moctar Thiam of Greenline Communications, both minority shareholders of Orange Niger.

  • Business Wire

    Orange Powers the Connected Global Enterprise and Wholesale Market With ThousandEyes Partnership

    Orange has partnered with US-based ThousandEyes, the Internet and cloud intelligence company, to deliver real time, end-to-end visibility on both its enterprise networks and the Open Transit Internet (OTI). The ThousandEyes platform, combined with Orange expertise around data analytics, provides businesses and carriers with improved digital experiences delivered across the Internet to Cloud service providers (CSPs), Internet service providers (ISPs) and Content providers (CPs).

  • France's Bad Boy of Telecoms Joins the Geriatric Set

    France's Bad Boy of Telecoms Joins the Geriatric Set

    (Bloomberg Opinion) -- Xavier Niel is supposed to be the bad boy of French telecoms. He never finished college, once ran an online sex-chat service, and shook up incumbents like Orange SA with cheap pricing when he launched Free Mobile in 2012.That makes one element of his push to extend control over Free’s parent Iliad SA particularly surprising: the implicit admission that the Paris-based company is becoming just like any other boring telecom company. It's an overdue acknowledgement of market realities.It all comes down to the dividend. Mobile carriers have appealed to investors over the past decade not for their growth prospects but their generous dividend payouts. European telecommunications firms will have an average dividend yield of 5% this year, according to estimates compiled by Bloomberg. That compares with the 3.3% average of the broader Stoxx 600 Index of European companies.Iliad has differed from the crowd. Its 12-month yield has averaged 0.8% since 2009. That’s because it promised growth — the stock climbed almost three-fold between 2009 and 2017. But the past two years have been a different story. Before today, the shares had fallen 63% from their 2017 peak as French rivals reclaimed market share from the low-cost upstart.On Tuesday, Niel announced plans to boost his holding in the firm by as much as 20 percentage points. The complicated structure will see Iliad buy back up to 1.4 billion euros ($1.5 billion) of stock for 120 euros per share, then issue new shares of an equivalent amount that Niel has pledged to buy, in a rights issue to which other shareholders can also subscribe. At the same time, Iliad announced it would increase the dividend by a chunky 189% to 2.60 euros, bringing the yield to more than 2%. That’s still very much at the low end of its peers but a substantial change in policy, particularly at a time when the region’s giants — Vodafone Group Plc and Deutsche Telekom AG — are cutting their dividends as they anticipate increased spending on 5G networks.For Niel, it’s a canny way of using the company’s stronger balance sheet to extend his control. Iliad is expecting proceeds of more than 2 billion euros from the sale of infrastructure assets this year. If he increases his stake to above 70% from the current 52%, as the buyback and rights issue might allow, he can expect annual dividend proceeds exceeding 100 million euros. That can help him service the personal debt that he’s likely assuming to fund the rights issue. The move may also strengthen Niel's hand and his financial upside, should the perennial on-again, off-again efforts to consolidate the French market resume.The steps at Iliad don’t particularly disadvantage existing shareholders financially, even if they do seem to be very much in Niel’s interest. They’re under no obligation to sell, and have already benefited from a jump in the share price, which climbed 18% on Tuesday. Nor does the increased payout significantly weaken the firm’s finances: The dividend payout will top 154 million euros. Net debt of 3.7 times Ebitda will fall closer to 2.5 times Ebitda. And it’s far less outrageous than the self-interested efforts of fellow French billionaire Vincent Bollore and his family to extend control over Vivendi SA. The Bollores are simply carrying out a buyback of the media conglomerate’s shares, then canceling them, leaving the family with a bigger stake without increasing their financial risk.But for all of Niel’s assertions that the investment reflects his “confidence in the company’s industrial project,” he will likely need Iliad to continue the more generous dividend payouts to service his greater debt. That will gradually chip away at Iliad’s ability to engage in costly price wars to drive market share. Instead, it’s becoming more like its rivals, generating steadier, more predictable returns, rather than promising stratospheric stock growth.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Do Institutions Own Shares In Orange S.A. (EPA:ORA)?
    Simply Wall St.

    Do Institutions Own Shares In Orange S.A. (EPA:ORA)?

    The big shareholder groups in Orange S.A. (EPA:ORA) have power over the company. Generally speaking, as a company...

  • GlobeNewswire

    Orange Financial results at 30 September 2019

    Press release Paris, 29 October 2019 Financial results at 30 September 2019         Continued growth in revenue and EBITDAaL Solid commercial performance in France,.

  • Business Wire

    Orange Fab, the international accelerator network for start-ups of Orange, expands in Russia

    Orange Fab, the Group’s international accelerator for start-ups, has now launched in Russia. Start-ups now have access to 17 Orange Fab programmes globally. Orange Fab in Russia will offer selected start-ups specific support to accelerate their development in Russia, as well as internationally, leveraging the worldwide presence of Orange.