Adecco (OTCMKTS:AHEXY) Raised to Hold at Zacks Research

Adecco (OTCMKTS:AHEXY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. 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 assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Adecco presently has an average rating of “Hold”.

Adecco Price Performance

AHEXY opened at $10.93 on Monday. The company has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $12.12. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 0.96 and a beta of 0.98. Adecco has a twelve month low of $8.98 and a twelve month high of $16.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. Equities research analysts expect that Adecco will post 1.41 EPS for the current fiscal year.

About Adecco

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.