Morgan Stanley Sticks to Their Buy Rating for Teleperformance (0J6X)

Business Insider

6 hours ago

In a report released yesterday, Remi Grenu from Morgan Stanley maintained a Buy rating on Teleperformance (0J6X – Research Report), with a price target of €142.00. The company's shares closed yesterday at €81.86.
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Grenu covers the Industrials sector, focusing on stocks such as Hays plc, PageGroup, and Adecco Group AG. According to TipRanks, Grenu has an average return of 0.9% and a 50.52% success rate on recommended stocks.
In addition to Morgan Stanley, Teleperformance also received a Buy from Kepler Capital 's David Cerdan in a report issued on June 19. However, on June 23, UBS maintained a Hold rating on Teleperformance (LSE: 0J6X).
Based on Teleperformance's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €5.2 billion and a net profit of €232 million. In comparison, last year the company earned a revenue of €4.39 billion and had a net profit of €331 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0J6X in relation to earlier this year.