TLPFF - Teleperformance: Reassuring Q1 Still A Buy
2024-05-05 07:13:27 ET
Summary
- Majorel integration is progressing well, but there were limited disclosures.
- Continued cash generation with downside protection on shareholders' returns.
- Q1 was a beat, and the company confirmed its 2024 guidance. Our buy rating is confirmed.
We have been doing the rounds on the players, which we follow as the Q1 results come in. Today, we are back to comment on Teleperformance ( OTCPK:TLPFF , OTCPK:TLPFY ). Here at the Lab, we have covered the stock twice already this year, and we highly recommend that our readers check up on our previous analysis so that they are acquainted with the equity story up to now:
- 06/02/2024 (Initiation of Coverage): AI Upside To Price In ;
- 12/03/2024: We Double Down (Rating Upgrade).