Adecco SA (OTCMKTS:AHEXY) Given Average Recommendation of “Hold” by Analysts

Shares of Adecco SA (OTCMKTS:AHEXY) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have issued reports on AHEXY shares. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Finally, Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th.

Adecco Stock Up 0.4%

Adecco stock opened at $13.44 on Friday. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The firm’s fifty day moving average price is $10.37 and its two-hundred day moving average price is $12.03. Adecco has a 1-year low of $8.98 and a 1-year high of $16.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last posted its earnings results 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. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.55 billion. On average, equities research analysts predict that Adecco will post 1.35 earnings per share 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.