Zacks Research Downgrades Adecco (OTCMKTS:AHEXY) to Strong Sell

Adecco (OTCMKTS:AHEXY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Sanford C. Bernstein raised shares of Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Cfra Research raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Adecco Trading Down 4.8%

OTCMKTS AHEXY opened at $13.88 on Tuesday. The firm’s 50-day moving average is $14.79 and its two-hundred day moving average is $14.54. Adecco has a 12 month low of $11.08 and a 12 month high of $16.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $4.68 billion, a P/E ratio of 14.77, a PEG ratio of 1.35 and a beta of 1.18.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $5.72 billion. Adecco had a return on equity of 10.94% and a net margin of 1.26%. On average, sell-side analysts anticipate that Adecco will post 1.32 earnings per share for the current 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.