Teleperformance: Oddo BHF still a buyer
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Teleperformance shares, with an unchanged target price of E134.
The analyst reports that last night, Teleperformance announced that it had signed a definitive agreement to acquire 'ZP Better Together', a leading provider of language solutions and technology platforms for the deaf and hard-of-hearing in the US.
Strategically, this operation will strengthen Teleperformance's Language Line Solutions business (interpreting), and is in line with the company's desire to develop its specialized services activities, the analyst points out.
Financially, the size of the operation remains relatively limited in relation to Teleperformance's FCF (950m/1bn euros), and we emphasize the accretive nature of the transaction (around 5% in our opinion), he concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst reports that last night, Teleperformance announced that it had signed a definitive agreement to acquire 'ZP Better Together', a leading provider of language solutions and technology platforms for the deaf and hard-of-hearing in the US.
Strategically, this operation will strengthen Teleperformance's Language Line Solutions business (interpreting), and is in line with the company's desire to develop its specialized services activities, the analyst points out.
Financially, the size of the operation remains relatively limited in relation to Teleperformance's FCF (950m/1bn euros), and we emphasize the accretive nature of the transaction (around 5% in our opinion), he concludes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.