Posted On: 07/14/2014 8:02:50 PM
Post# of 17650
French wireless carrier Orange (ORAN, ORA.FR), formerly known as France Telecom, has seen its American depositary shares climb 60% since its name change and could see more growth, according to Barron's. Despite various challenges, including falling revenue and the French government's 27% stake in the company, the shares look likely to continue their roll, and could return 30% over the next year. Competitive pressures are easing and industry pricing is stabilizing. The shares still look cheap and Orange could generate about $4.5 billion in annual free cash in the next five years. ADSs edged up 1.1% to $15.57 premarket.
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