Adecco (OTCMKTS:AHEXY) Upgraded at Cfra Research

Key Points

• Adecco has been upgraded from a "moderate sell" to a "hold" rating by Cfra Research, as reported in a recent research document.
• The company's stock is currently trading at $16.60, with a market capitalization of $5.59 billion and a price-to-earnings ratio of 17.66.
• Adecco reported a quarterly earnings per share (EPS) of $0.26, falling short of the expected $0.28, but exceeded revenue expectations with $6.71 billion in revenue.

Cfra Research upgraded shares of Adecco (OTCMKTS:AHEXY - Free Report) from a moderate sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Adecco Trading Down 1.8%

Shares of Adecco stock traded down $0.29 on Wednesday, reaching $16.31. 9,432 shares of the company's stock were exchanged, compared to its average volume of 21,801. The company has a market capitalization of $5.49 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. Adecco has a 52 week low of $11.08 and a 52 week high of $17.47. The firm's 50-day moving average is $15.17 and its two-hundred day moving average is $14.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.06.

Adecco (OTCMKTS:AHEXY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Adecco had a return on equity of 10.85% and a net margin of 1.26%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $5.72 billion. Sell-side analysts predict that Adecco will post 1.32 EPS for the current fiscal year.

Adecco Company Profile

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.