Teleperformance Shares Bounce 5%, Among Top Gainers in SBF 120
During the session, the stock rose by 5.33% to €63.22, supported by the completion of a €600 million bond buyback on Wednesday. The rebound follows a particularly challenging week, marked by dividend detachment and a bond refinancing operation. The Paris market, meanwhile, is largely in positive territory.
A 5.33% Rebound Softens the Weekly Decline of Nearly 14%
Teleperformance shares gained 5.33% to €63.22, up from €60.02 at the previous close. This movement places the stock well above the SBF 120's rise of 1.07%, while the CAC 40 is up 1.1% during the session. The rebound must be put into perspective. Over the week, the performance remains negative at -13.7%, and the stock is still down nearly 30% over the year. The session follows the bond refinancing completed on Wednesday, with the buyback of €600 million in bonds funded by the issuance of new senior tranches. Despite the recent correction, the stock still shows a gain of 22.8% over three months. According to reviewed statements, nine funds accumulate 11.35% of the capital sold short, a high level. However, the cumulative position has reduced by 1.46 points over thirty days, which may indicate a phase of partial coverage after the rally observed in May. The weight of the short position remains a tension indicator to be monitored, without drawing isolated conclusions.
Teleperformance Holds Above Its MM50 and MM200, But Still Struggles Below the MM20
In terms of moving averages, the stock remains below the MM20 at €66.79 (a gap of -5.35%), which caps today's rebound. Conversely, the price maintains a comfortable margin above the MM50 at €57.71 (+9.55%) and the MM200 at €59.76 (+5.79%), proving that the medium-term momentum remains intact despite the weekly downturn. The RSI at 42 indicates a neutral configuration, following the overbought peak reached in mid-May during the rally to €74, then the correction phase that followed the dividend detachment. However, the MACD remains weakened: the MACD Line is positive (2.45) while its histogram is negative (-1.55), indicating a recent loss of momentum. Based on the consensus of surveyed analysts, the stock is priced at approximately 4.8 times the earnings expected for the current fiscal year and 4.5 times those of the next fiscal year, with projected EPS growth of 6.1% year-over-year. The identified support threshold at €53.80 remains distant, and the return towards the MM20 at €66.79 is the next technical milestone in the short term.
