Adecco (OTCMKTS:AHEXY) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Adecco (OTCMKTS:AHEXY) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Adecco Stock Performance

Shares of AHEXY opened at $12.57 on Friday. The firm has a 50-day moving average of $10.12 and a 200-day moving average of $12.07. Adecco has a one year low of $8.98 and a one year high of $16.83. The company has a market cap of $4.37 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.55 billion. As a group, equities analysts forecast that Adecco will post 1.35 earnings per share for the current 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.