Adecco (OTCMKTS:AHEXY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Adecco (OTCMKTS:AHEXYFree Report) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

AHEXY has been the topic of several other reports. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley lowered Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Finally, UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Adecco currently has a consensus rating of “Hold”.

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Adecco Trading Down 2.2%

Shares of AHEXY opened at $10.93 on Monday. The business’s 50-day moving average price is $10.11 and its 200 day moving average price is $12.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.80 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.96 and a beta of 0.98. Adecco has a 1-year low of $8.98 and a 1-year high of $16.83.

Adecco (OTCMKTS:AHEXYGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. Analysts expect that Adecco will post 1.41 earnings per share for the current year.

About Adecco

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Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.

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Analyst Recommendations for Adecco (OTCMKTS:AHEXY)

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