Adecco (OTCMKTS:AHEXY) Upgraded by Zacks Research to Hold Rating

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

A number of other brokerages have also recently weighed in on AHEXY. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Morgan Stanley cut shares of 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 assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Adecco Price Performance

OTCMKTS:AHEXY opened at $10.93 on Monday. The company has a market capitalization of $3.80 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.96 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. Adecco has a 52 week low of $8.98 and a 52 week high of $16.83. The stock’s fifty day moving average is $10.11 and its two-hundred day moving average is $12.12.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Equities 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.