Adecco SA (OTCMKTS:AHEXY) Receives Average Rating of “Reduce” from Analysts

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

A number of equities analysts recently commented on AHEXY shares. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th.

Adecco Stock Up 2.6%

Shares of OTCMKTS:AHEXY opened at $9.34 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. Adecco has a 52-week low of $8.98 and a 52-week high of $16.83. The company has a 50 day moving average of $10.43 and a two-hundred day moving average of $12.41. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. As a group, analysts forecast that Adecco will post 1.41 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.