ADECCO GRP AG/ADR (OTCMKTS:AHEXY) Raised to “Overweight” at Morgan Stanley

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Friday, The Fly reports.

AHEXY has been the subject of several other research reports. Credit Suisse Group reissued a “sell” rating on shares of ADECCO GRP AG/ADR in a report on Tuesday, March 5th. ValuEngine raised shares of ADECCO GRP AG/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of ADECCO GRP AG/ADR from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Bank of America raised shares of ADECCO GRP AG/ADR from a “neutral” rating to a “buy” rating in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy”.

OTCMKTS:AHEXY opened at $28.37 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.41. The company has a market cap of $9.40 billion, a PE ratio of 11.92, a PEG ratio of -2.86 and a beta of 0.93. ADECCO GRP AG/ADR has a 1-year low of $21.86 and a 1-year high of $30.89.

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) last posted its earnings results on Tuesday, May 7th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $6.41 billion during the quarter. ADECCO GRP AG/ADR had a net margin of 1.96% and a return on equity of 18.36%. Analysts expect that ADECCO GRP AG/ADR will post 2.47 earnings per share for the current fiscal year.

About ADECCO GRP AG/ADR

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 and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

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