Zacks Investment Research Lowers ADECCO GRP AG/ADR (OTCMKTS:AHEXY) to Sell

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ADECCO GRP AG/ADR (OTCMKTS:AHEXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

A number of other research firms have also weighed in on AHEXY. Morgan Stanley upgraded ADECCO GRP AG/ADR from an “equal weight” rating to an “overweight” rating in a report on Friday, June 14th. Jefferies Financial Group lowered ADECCO GRP AG/ADR from a “hold” rating to an “underperform” rating in a report on Monday, July 15th. Credit Suisse Group upgraded ADECCO GRP AG/ADR from an “underperform” rating to a “neutral” rating in a report on Thursday, May 9th. Goldman Sachs Group lowered ADECCO GRP AG/ADR from a “buy” rating to a “sell” rating in a report on Monday, July 8th. Finally, Deutsche Bank lowered ADECCO GRP AG/ADR from a “hold” rating to a “sell” rating in a report on Friday, July 5th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold”.

Shares of AHEXY stock traded down $0.03 during trading hours on Tuesday, reaching $26.23. The company had a trading volume of 12,597 shares, compared to its average volume of 16,811. ADECCO GRP AG/ADR has a 12 month low of $21.86 and a 12 month high of $30.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $27.43. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of -2.73 and a beta of 0.96.

About ADECCO GRP AG/ADR

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

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Analyst Recommendations for ADECCO GRP AG/ADR (OTCMKTS:AHEXY)

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