The Adecco Group (AHEXY) Rating Lowered to Strong Sell at Zacks Investment Research

The Adecco Group (OTCMKTS:AHEXY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

Other equities research analysts have also issued research reports about the stock. Jefferies Group upgraded shares of The Adecco Group from an “underperform” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine lowered shares of The Adecco Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

OTCMKTS AHEXY traded down $0.27 during trading hours on Monday, reaching $31.90. The company’s stock had a trading volume of 9,702 shares, compared to its average volume of 17,430. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The Adecco Group has a 52 week low of $31.42 and a 52 week high of $42.19. The stock has a market capitalization of $11.01 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.54 and a beta of 1.12.

The Adecco Group (OTCMKTS:AHEXY) last issued its earnings results on Thursday, March 1st. The business services provider reported $1.05 earnings per share (EPS) for the quarter. The Adecco Group had a net margin of 3.34% and a return on equity of 22.19%. The firm had revenue of $7.13 billion for the quarter. equities research analysts expect that The Adecco Group will post 2.99 earnings per share for the current year.

The Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial sectors under the Adecco brand.

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