Sodexo (OTCMKTS:SDXAY) Cut to Strong Sell at Zacks Research

Sodexo (OTCMKTS:SDXAY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

A number of other brokerages have also weighed in on SDXAY. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a research note on Tuesday, July 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Sodexo Price Performance

Sodexo stock opened at $13.54 on Wednesday. The company’s 50-day moving average price is $12.71 and its two-hundred day moving average price is $11.38. Sodexo has a 52 week low of $9.08 and a 52 week high of $13.69.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.