Adecco Group (OTCMKTS:AHEXY) Upgraded by Royal Bank of Canada to “Moderate Buy” Rating

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

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

Adecco Group Stock Performance

Shares of OTCMKTS:AHEXY traded up $0.18 during trading on Wednesday, hitting $14.60. The stock had a trading volume of 98,521 shares, compared to its average volume of 56,432. Adecco Group has a 12-month low of $14.39 and a 12-month high of $24.70. The stock 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 company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of $16.19 and a two-hundred day simple moving average of $17.08.

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