ADECCO GRP AG/ADR (AHEXY) Lifted to Neutral at Credit Suisse Group

Credit Suisse Group upgraded shares of ADECCO GRP AG/ADR (OTCMKTS:AHEXY) from an underperform rating to a neutral rating in a research note issued to investors on Thursday, The Fly reports.

Several other equities analysts also recently issued reports on AHEXY. Zacks Investment Research upgraded ADECCO GRP AG/ADR from a strong sell rating to a hold rating in a research report on Tuesday, May 7th. ValuEngine upgraded ADECCO GRP AG/ADR from a sell rating to a hold rating in a research report on Wednesday, May 1st. Finally, Bank of America upgraded ADECCO GRP AG/ADR from a neutral rating to a buy rating in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ADECCO GRP AG/ADR presently has an average rating of Hold.

Shares of AHEXY stock opened at $28.02 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44. ADECCO GRP AG/ADR has a 52 week low of $21.86 and a 52 week high of $32.25.

ADECCO GRP AG/ADR (OTCMKTS:AHEXY) last issued its earnings results on Tuesday, May 7th. The business services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.07. ADECCO GRP AG/ADR had a return on equity of 24.00% and a net margin of 3.62%. The company had revenue of $6.41 billion during the quarter. Analysts predict that ADECCO GRP AG/ADR will post 2.47 EPS for the current year.

The firm also recently disclosed an annual dividend, which was paid on Thursday, May 9th. Stockholders of record on Wednesday, April 24th were given a dividend of $0.756 per share. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a dividend yield of 2.82%.

ADECCO GRP AG/ADR Company Profile

Adecco Group AG, together with its subsidiaries, provides workforce solutions to businesses and organizations worldwide. The company provides temporary staffing, permanent placement, and outsourcing services for clerical and support personnel in the areas of office-based employment; and candidates for blue collar job profiles across various industrial and service sectors under the Adecco brand names, as well as recruitment on demand and online staffing platform for hospitality and events under Adia brand name.

See Also: Cost of Equity For A Business, Investors

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