Adecco (OTCMKTS:AHEXY) Upgraded to “Hold” at UBS Group

UBS Group upgraded shares of Adecco (OTCMKTS:AHEXY) from a strong sell rating to a hold rating in a report issued on Friday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. BNP Paribas Exane lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Adecco Price Performance

OTCMKTS:AHEXY traded down $0.03 during mid-day trading on Friday, reaching $13.38. 11,580 shares of the company were exchanged, compared to its average volume of 13,393. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a market cap of $4.48 billion, a PE ratio of 13.38, a PEG ratio of 1.05 and a beta of 1.04. Adecco has a 12 month low of $12.19 and a 12 month high of $16.89. The company has a fifty day moving average of $14.22 and a 200 day moving average of $14.41.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. Adecco had a return on equity of 12.09% and a net margin of 1.28%.The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.95 billion. On average, research analysts anticipate that Adecco will post 1.32 EPS for the current fiscal 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.