Teleperformance Shares Bounce 3.71% Midday Following Deutsche Bank's Verdict
Teleperformance shares are up 3.71% this Thursday, December 11, trading at 60.94 euros compared to 58.76 euros the previous day. This recovery comes in a context of an updated recommendation and after a week marked by a technical rebound of 6.61%, which is still insufficient to reverse a negative underlying trend that sees the stock down 32.35% for the year.
Midday Market Update
At midday this Thursday, Teleperformance shares gained 3.71% and crossed the 60 euro threshold, standing at 60.94 euros. The traded volumes remain modest with only 0.14% of the capital traded, indicating limited investor participation in this recovery. Over the week, the stock has recorded an encouraging progression of 6.61%, contrasting with the medium-term dynamics which remain bearish: the outsourced customer relationship specialist is still down 3.45% over three months and 32.35% over a year. This catastrophic annual performance is explained by persistent fears around the impact of generative artificial intelligence on the group's business model. A sharp drop was triggered by the downward revision of annual targets at the beginning of November, bringing the forecast for organic growth between 1% and 2% against an initial 2% to 4%, with third-quarter 2025 revenues amounting to 2.51 billion euros, slightly down by 0.5% year-on-year, confirming the group's difficulties in regaining growth momentum.
Deutsche Bank's Revised Analysis
On November 28, Deutsche Bank profoundly revised its analysis of Teleperformance, lowering its price target from 105 euros to 70 euros, while maintaining a 'hold' recommendation. This 33% revision reflects uncertainties surrounding the group's ability to execute its Future Forward strategic plan, unveiled in June 2025, which aims to place artificial intelligence at the core of the business model. The absence of immediate positive catalysts keeps pressure on the stock, which was removed from the CAC 40 in September 2025 and replaced by Euronext. The group's specialized services continue to suffer, notably after losing a significant contract in visa application management. The slow deployment of the digital transformation strategy feeds structural investor skepticism, despite Norges Bank holding more than 5% of the capital.
Technical Perspective
From a technical standpoint, the current price of 60.94 euros is approaching the 50-day moving average set at 61.29 euros, confirming an attempt at short-term stabilization. However, the gap with the 200-day moving average remains wide at 77.76 euros, illustrating the extent of the structural decline. The RSI is at 53 points, in a neutral zone, suggesting a precarious balance between buyers and sellers without an imminent overbought signal. The MACD adds an interesting nuance: its positive histogram at 0.26 indicates an improvement in momentum, with the MACD line moving above its signal line. This setup suggests a possible exhaustion of selling pressure but remains fragile as long as the stock operates below its long-term moving average. The critical support at 56.40 euros is the last barrier before new lows, while the immediate resistance at 62.76 euros represents the next target to overcome to validate a sustained rebound.
