Zacks Investment Research Upgrades ADECCO GRP AG/ADR (OTCMKTS:AHEXY) to Hold

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Zacks Investment Research upgraded shares of ADECCO GRP AG/ADR (OTCMKTS:AHEXY) from a sell rating to a hold rating in a report issued on Monday morning, Zacks.com reports.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

Several other brokerages have also recently commented on AHEXY. ValuEngine raised shares of ADECCO GRP AG/ADR from a sell rating to a hold rating in a research report on Wednesday, May 1st. Jefferies Financial Group cut shares of ADECCO GRP AG/ADR from a hold rating to an underperform rating in a research report on Monday, July 15th. Goldman Sachs Group cut shares of ADECCO GRP AG/ADR from a buy rating to a sell rating in a research report on Monday, July 8th. Deutsche Bank cut shares of ADECCO GRP AG/ADR from a hold rating to a sell rating in a research report on Friday, July 5th. Finally, Credit Suisse Group raised shares of ADECCO GRP AG/ADR from an underperform rating to a neutral rating in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold.

Shares of OTCMKTS:AHEXY opened at $25.79 on Monday. The company’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $27.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 1.20. ADECCO GRP AG/ADR has a one year low of $21.86 and a one year high of $30.84. The stock has a market capitalization of $8.57 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of -2.83 and a beta of 0.96.

About ADECCO GRP AG/ADR

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

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