Adecco Group (OTCMKTS:AHEXY) Rating Increased to Moderate Buy at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Adecco Group (OTCMKTS:AHEXY) from a hold rating to a moderate buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

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

Adecco Group Stock Performance

AHEXY traded up $0.18 during trading on Wednesday, reaching $14.60. The company’s stock had a trading volume of 98,521 shares, compared to its average volume of 56,432. 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. Adecco Group has a 52-week low of $14.39 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.00 and a current ratio of 1.00. The company’s fifty day moving average price is $16.19 and its 200-day moving average price is $17.08.

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

Adecco Group 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.