Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Given Average Rating of “Reduce” by Brokerages

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) has been assigned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company.

A number of research firms recently issued reports on SDXAY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of Sodexo in a research report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Zacks Research downgraded shares of Sodexo from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th.

Sodexo Stock Performance

Shares of Sodexo stock opened at $13.04 on Friday. The business has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $11.46. Sodexo has a fifty-two week low of $9.08 and a fifty-two week high of $13.69.

Sodexo Company Profile

Sodexo (OTCMKTS:SDXAY) is a France-based provider of food services and facilities management. The company serves organizations across the corporate, healthcare, education, government, energy and resources, sports, and leisure sectors.

Its services include on-site catering, dining and hospitality, workplace and building management, cleaning, maintenance, reception, security, and other integrated support services. Sodexo also operates Sodexo Live!, which provides food, hospitality, and event-management services for venues and major events.

Founded in 1966 by Pierre Bellon, Sodexo has expanded from its French roots into an international business serving clients in markets across the Americas, Europe, Asia-Pacific, and other regions.