Téléperformance

Teleperformance shares rose intraday by about 9.8% after the release of the H1 2026 results. Like-for-like revenue fell 1.7% year-on-year but showed sequential improvement from -2.2% in Q1 to -1.2% in Q2. The EBITA margin remained stable at 13.6%; the company recorded restructuring costs of €109m and raised efficiency targets. Management reaffirmed its 2026 guidance of like-for-like revenue growth of 0–2%, underpinning the recovery rally. » Mere på de.investing.com

JPMorgan sees further downside potential for Teleperformance and points to risks to 2026 forecasts, after which the stock fell by up to 6%. The bank stresses that the shift to AI‑integrated services and a focus on premium customer experiences has so far not fully offset the core business. Higher operating, investment and restructuring costs could weigh on margins and free cash flow and further pressure consensus expectations. Despite an attractive dividend yield of around 9%, there remains a dividend risk if revenues decline, debt is reduced faster, or aggressive investments are made. » Mere på de.investing.com

Options trading on Teleperformance reached a volume of 3,497 contracts, of which 2,640 were call options — a record for the company. A call expiring December 18, 2026, with a strike price of 52 EUR accounted for 2,500 contracts, and the open interest was also 2,500 contracts. The stock fell 0.73% to 51.52 EUR; three‑month volatility fell to 54.06% and the three‑month skew (90/110) decreased to 4.09 percentage points. » Mere på de.investing.com