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

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

Several other equities analysts also recently commented on AHEXY. BNP Paribas lowered Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. BNP Paribas Exane cut shares of Adecco from an “outperform” rating to a “neutral” rating in a research note on Friday, December 5th. Sanford C. Bernstein raised shares of Adecco from a “hold” rating to an “outperform” rating in a research note on Monday, September 22nd. Finally, Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Adecco Stock Performance

Shares of OTCMKTS:AHEXY traded down $0.31 during trading on Monday, hitting $14.28. 553 shares of the stock were exchanged, compared to its average volume of 7,875. Adecco has a 1-year low of $11.25 and a 1-year high of $16.89. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Adecco had a net margin of 1.22% and a return on equity of 10.98%. Sell-side analysts expect that Adecco will post 1.32 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.