Zacks Research Upgrades Adecco (OTCMKTS:AHEXY) to “Hold”

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.

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

Adecco Stock Down 2.2%

AHEXY stock opened at $10.93 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $3.80 billion, a P/E ratio of 10.41, a PEG ratio of 0.96 and a beta of 0.98. The company has a 50 day moving average price of $10.11 and a two-hundred day moving average price of $12.12. Adecco has a one year low of $8.98 and a one year high of $16.83.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. As a group, sell-side analysts expect that Adecco will post 1.41 EPS for the current year.

Adecco Company Profile

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.