Adecco Group Ag (AHEXY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Adecco Group Ag (OTCMKTS:AHEXY) from a hold rating to a buy rating in a report released on Monday morning. Zacks Investment Research currently has $42.00 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. “

Other research analysts have also recently issued research reports about the company. Credit Suisse Group AG cut Adecco Group Ag from an outperform rating to an underperform rating in a research report on Wednesday, May 24th. Jefferies Group LLC cut Adecco Group Ag from a hold rating to an underperform rating in a research report on Wednesday, February 8th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Adecco Group Ag has an average rating of Hold and a consensus target price of $42.00.

Adecco Group Ag (OTCMKTS:AHEXY) traded down 1.28% on Monday, reaching $36.99. The company’s stock had a trading volume of 2,290 shares. Adecco Group Ag has a 12 month low of $23.41 and a 12 month high of $39.13. The firm has a 50 day moving average of $37.40 and a 200 day moving average of $34.71. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 15.35 and a beta of 1.33.

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