Adecco SA (OTCMKTS:AHEXY) Given Average Rating of “Reduce” by Analysts

Shares of Adecco SA (OTCMKTS:AHEXY) have earned an average recommendation of “Reduce” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company.

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

Adecco Stock Up 2.6%

AHEXY opened at $9.34 on Tuesday. Adecco has a 12 month low of $8.98 and a 12 month high of $16.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $3.24 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.78 and a beta of 0.96. The stock’s 50 day moving average price is $10.43 and its 200 day moving average price is $12.41.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that Adecco will post 1.41 earnings per share for the current 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.