(CercleFinance.com) – Teleperformance gained nearly 4% in Paris while this morning, Oddo announced that it was maintaining its ‘outperformance’ rating on the stock, with an unchanged price target of 390 euros.
The analyst firm reports that in a press release issued last night after closing, the Teleperformance group announced that it was withdrawing from the most offensive segment of its content moderation activity.
‘From a financial point of view, the cessation of these activities is relatively complicated to measure but should remain relatively marginal. In fact, they represent a total of around 7% of Teleperformance’s consolidated turnover and employ around 15,000 people around the world,” Oddo points out.
The broker adds that “highly offensive” content would concern a maximum of 5% of content moderators.
“From a strategic point of view, we welcome this announcement since this sector was the source of controversy and this decision probably reduces the risk profile of Teleperformance”, concludes the analyst.
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