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

Adecco Group (OTCMKTS:AHEXY) was upgraded by analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a report released on Wednesday,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 Up 1.2 %

Shares of Adecco Group stock traded up $0.18 during trading hours on Wednesday, reaching $14.60. 98,521 shares of the company were exchanged, compared to its average volume of 56,432. The firm has a market cap of $4.92 billion, a PE ratio of 14.90, a PEG ratio of 1.13 and a beta of 1.44. 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 has a 1 year low of $14.39 and a 1 year high of $24.70. The stock’s fifty day moving average is $16.19 and its 200 day moving average is $17.08.

Adecco Group (OTCMKTS:AHEXY) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.34 earnings per share for the quarter. The firm 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%. As a group, equities research analysts forecast 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.