UBS Group Upgrades Adecco (OTCMKTS:AHEXY) to Hold

Adecco (OTCMKTS:AHEXY) was upgraded by equities researchers at UBS Group from a “strong sell” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. BNP Paribas Exane downgraded shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Finally, Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Adecco Trading Down 0.2%

Shares of OTCMKTS:AHEXY opened at $13.38 on Friday. The firm has a market capitalization of $4.48 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. Adecco has a 12-month low of $12.19 and a 12-month high of $16.89. The firm has a fifty day moving average of $14.22 and a two-hundred day moving average of $14.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. Adecco had a return on equity of 12.09% and a net margin of 1.28%.The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. On average, equities analysts expect that Adecco will post 1.32 EPS for the current fiscal 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.