Sodexo (OTCMKTS:SDXAY) Cut to Hold at Citigroup

Citigroup downgraded shares of Sodexo (OTCMKTS:SDXAY) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Sodexo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Kepler Capital Markets lowered Sodexo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Finally, Berenberg Bank cut Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 24th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Sodexo Stock Performance

Sodexo stock opened at $10.53 on Thursday. The firm has a fifty day moving average of $11.76 and a 200-day moving average of $12.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 1.03. Sodexo has a 52-week low of $10.51 and a 52-week high of $17.24.

Sodexo Company Profile

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.