ORAN Quick Win: 29.23% Gain In 3 Months

Orange (ORAN), formerly known as France Telecom, was a top stock pick based on predictive algorithm recommended to I Know First subscribers on October 17th for the 3-month time horizon. Orange had a signal of 70.98 and a predictability of 0.41. In accordance with the algorithm, the company reported short-term capital gains of 29.23%.

Orange was part of the stock forecast that can be found in the “Best Tech Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top ten stocks picks to long
  • Top ten stocks picks to short

oran quick win

Orange operates as a telecommunications operator. It offers fixed and mobile communications, data transmission, the Internet and multimedia, mobile telephone services and network services among others.

The company reported mixed results in its third quarter earnings report. Orange’s total revenue exhibited another year-over-year decline. This would be discouraging for investors in most situations, but the rate of decline had significantly reduced during the reported quarter. Investors viewed this as a promising sign of the company’s rebounding efforts.

The report also included other promising information for investors. The company actually increased its overall customer count by 3% to 239.5 million. 181.1 million of these customers were mobile subscribers, meaning growth of 6.2%. The key to growth was the Africa and Middle East region, which grew 11% to 94.3 million customers. Expansion of 4G coverage in Europe also helped boost numbers there.

The company gets the majority of its revenue from France, where Orange is located. However, Orange has assets in other markets that are in the process of being monetized for investors with restructuring and upcoming spinoffs. The company has stakes in 21 carriers across Africa and the Middle East and is open to an IPO for these assets, but investors will have to be patient as it is not imminent.

Orange also has a 50% stake in EE, formerly known as Everything Everywhere, with partner Deutsche Telecom (DTEGF). EE is the largest mobile United Kingdom carrier, could be worth up to $19 million dollars. BT Group (BT) has entered into exclusive buyout talks with the two partners. Orange would still have a 4% stake in the company after the buyout, offering further potential gains for the company’s shareholders.