Sodexo (OTCMKTS:SDXAY) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Sodexo (OTCMKTS:SDXAY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Sodexo to a “hold” rating in a research note on Friday, March 21st. BNP Paribas cut Sodexo from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 16th.

Sodexo Price Performance

Shares of SDXAY opened at $12.93 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. Sodexo has a 1-year low of $12.86 and a 1-year high of $20.55. The firm’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $16.10.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.