Adecco (OTCMKTS:AHEXY) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• Jefferies Financial Group upgraded Adecco from a "moderate sell" to a "hold" rating, reflecting a change in the company's perceived value.
• Adecco reported earnings of $0.26 per share, which fell short of analyst estimates, but exceeded revenue expectations with $6.71 billion for the quarter.
• The stock is currently rated as a "Moderate Buy" by analysts, with important ratings including two Strong Buy, two Buy, and two Hold ratings.

Jefferies Financial Group upgraded shares of Adecco (OTCMKTS:AHEXY - Free Report) from a moderate sell rating to a hold rating in a research note issued to investors on Thursday, MarketBeat.com reports.

A number of other brokerages also recently commented on AHEXY. Royal Bank Of Canada reissued an "outperform" rating on shares of Adecco in a research report on Tuesday, August 12th. Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Adecco Stock Down 0.3%

AHEXY stock traded down $0.05 during mid-day trading on Thursday, reaching $13.53. The company had a trading volume of 1,974 shares, compared to its average volume of 47,908. The firm has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $14.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. Adecco has a fifty-two week low of $11.08 and a fifty-two week high of $17.47.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The company 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%. Analysts forecast that Adecco will post 1.32 earnings per share for the current fiscal 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.