Orange S.A. ([[ORAN]]) is the biggest telecom (telco) operator in France. The share price has been trading range-bound since the last 2 years mainly due to high debt levels, doubts whether the group would be able to compete with operators in France and the company's ability to derive returns on its Africa and Middle East investments.
The share price was down more than 4% on Wednesday, December 4, after the EBITDA growth forecast in its five-year strategic plan and dividend guidance was not up to analysts' and investors' expectations.
By analyzing the cost reduction measures,