Adecco Group (OTCMKTS:AHEXY) Stock Rating Upgraded by Royal Bank of Canada

Adecco Group (OTCMKTS:AHEXY) was upgraded by stock analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd.

Adecco Group Price Performance

Shares of AHEXY opened at $14.60 on Wednesday. Adecco Group has a fifty-two week low of $14.39 and a fifty-two week high of $24.70. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.44. The firm has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $17.08. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.00 and a current ratio of 1.00.

Adecco Group (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.34 earnings per share for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. The business had revenue of $6.29 billion during the quarter. On average, equities research analysts anticipate that Adecco Group will post 1.47 earnings per share for the current year.

About Adecco Group

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.