Adecco Group (OTCMKTS:AHEXY) Upgraded 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 report on Wednesday, October 23rd.

Adecco Group Price Performance

Shares of OTCMKTS AHEXY opened at $14.13 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. Adecco Group has a fifty-two week low of $14.07 and a fifty-two week high of $24.70. The business has a 50 day moving average price of $16.13 and a two-hundred day moving average price of $17.06. The firm has a market cap of $4.76 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.13 and a beta of 1.44.

Adecco Group (OTCMKTS:AHEXY) last released its quarterly 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 during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. Sell-side analysts expect 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.