Adecco (OTCMKTS:AHEXY) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Adecco (OTCMKTS:AHEXY) from a moderate sell rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Several other analysts also recently commented on the stock. Cfra Research raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Adecco has a consensus rating of “Moderate Buy”.

Adecco Stock Up 0.9%

AHEXY stock opened at $14.13 on Thursday. The business has a 50 day moving average of $15.77 and a 200 day moving average of $14.68. The firm has a market cap of $4.76 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. Adecco has a twelve month low of $11.08 and a twelve month high of $17.47. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Adecco had a return on equity of 10.94% and a net margin of 1.26%.The company had revenue of $6.71 billion during the quarter, compared to analysts’ expectations of $5.72 billion. On average, research analysts forecast that Adecco will post 1.32 EPS for the current fiscal year.

About Adecco

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.