Adecco SA (OTCMKTS:AHEXY – Get Free Report) shares rose 5.8% during trading on Friday . The stock traded as high as $10.84 and last traded at $10.84. 5,784 shares changed hands during trading, a decline of 76% from the average daily volume of 24,367 shares. The stock had previously closed at $10.25.
Analyst Ratings Changes
AHEXY has been the topic of a number of analyst reports. Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Morgan Stanley lowered Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. UBS Group cut Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on AHEXY
Adecco Stock Performance
Adecco (OTCMKTS:AHEXY – Get Free Report) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. On average, equities analysts forecast that Adecco SA will post 1.41 earnings per share for the current year.
About Adecco
Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.
Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.
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