Sodexo (OTCMKTS:SDXAY) Lowered to “Hold” Rating by Hsbc Global Res

Sodexo (OTCMKTS:SDXAY) was downgraded by equities research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

SDXAY has been the topic of several other reports. BNP Paribas cut shares of Sodexo from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 16th. Barclays cut Sodexo from a “strong-buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of Sodexo to a “hold” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group cut shares of Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Sodexo Stock Performance

Shares of SDXAY stock opened at $12.93 on Thursday. The stock’s fifty day simple moving average is $15.02 and its 200 day simple moving average is $16.10. Sodexo has a one year low of $12.86 and a one year high of $20.55. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.