Adecco SA (OTCMKTS:AHEXY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Adecco SA (OTCMKTS:AHEXY) have received an average rating of “Reduce” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

Several research firms recently commented on AHEXY. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th.

Adecco Trading Down 1.9%

OTCMKTS AHEXY opened at $10.10 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.51 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 0.88 and a beta of 0.96. The company has a 50 day moving average price of $11.07 and a 200 day moving average price of $12.85. Adecco has a 52 week low of $9.25 and a 52 week high of $16.83.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. As a group, sell-side analysts forecast that Adecco will post 1.41 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.