Adecco SA (AHEXY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Adecco SA (OTCMKTS:AHEXY) from a sell rating to a hold rating in a research report released on Friday, May 12th. Zacks Investment Research currently has $43.00 target price on the business services provider’s stock.

According to Zacks, “Adecco Group offers a wide variety of services that connects colleagues with clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, outsourcing, consulting and outplacement. It also provides services in various business lines such as information technology, finance and legal, engineering and technical, medical and science, human capital solutions, sales, marketing and events. Adecco S.A. is headquartered in Glattbrugg, Switzerland. “

Separately, Jefferies Group LLC cut shares of Adecco SA from a hold rating to an underperform rating in a research report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. Adecco SA presently has an average rating of Hold and a consensus price target of $42.00.

Shares of Adecco SA (OTCMKTS:AHEXY) traded up 1.11% during midday trading on Friday, hitting $38.27. The company’s stock had a trading volume of 15,380 shares. The stock’s 50 day moving average is $37.92 and its 200-day moving average is $35.45. Adecco SA has a 52-week low of $23.41 and a 52-week high of $39.13. The firm has a market cap of $13.02 billion, a P/E ratio of 15.56 and a beta of 1.09.

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