Teleperformance: Oddo BHF confirms its recommendation

(CercleFinance.com) -Oddo BHF maintains its 'outperform' rating on Teleperformance, with an unchanged price target of 134 euros.


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 United States.

From a strategic point of view, 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.

"From a financial point of view, the size of the operation remains relatively limited in relation to Teleperformance's FCF (950/1 billion euros), and we emphasize the accretive nature of the transaction (around 5% in our opinion)", he concludes.

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