Teleperformance shares rebound nearly 3%, but fall 12% over the week
The customer relations specialist rises sharply intraday, in a Paris market trending higher. The rebound comes a few days after the publication of its quarterly sales, which had triggered a marked correction.
A rebound that leaves the stock below its short-term averages
Teleperformance gains nearly 3% to €71.08, and is among the strongest gainers in the SBF 120, which rises 0.33%. This renewed activity is not enough to erase the 12.23% decline recorded over the week: it only recovers part of it.
The stock remains below its MM20 (€77.18), about 8% below this indicator, and its MM50 (€73.26), while it remains above its MM200 (€61.68).
The €67.44 support was not touched intraday, and the RSI at 42 remains neutral. This session follows the November 5 publication, when sales down 1.2% in the third quarter and a lowered 2026 revenue target had triggered the correction.
Analyst ratings raised against a backdrop of still-high short positions
Two firms have revised their views in recent days. Goldman Sachs raised its target from €68 to €72 on November 10 with a neutral opinion, while Kepler Cheuvreux set its target at €70 on November 9 and recommends holding the stock. These two targets frame the current price, so the upside potential remains limited: around 1% for the first and below zero for the second.
According to the analyst consensus, the stock trades at about 5.4 times earnings for the current fiscal year. On the net short positions side, six funds together hold 5.52% of the capital according to the disclosures consulted, down 0.50 points over 30 days: a significant share of the capital therefore remains positioned for a decline, but selling pressure has eased slightly over the period.
Quarterly results also highlighted that Trust & Safety services continue to decline, while AI-augmented solutions are posting double-digit growth.
