Sodexo (OTCMKTS:SDXAY) Downgraded by Hsbc Global Res to “Hold”

Hsbc Global Res downgraded shares of Sodexo (OTCMKTS:SDXAY) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other research firms also recently commented on SDXAY. Deutsche Bank Aktiengesellschaft downgraded shares of Sodexo to a “hold” rating in a research note on Friday, March 21st. The Goldman Sachs Group cut Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barclays lowered Sodexo from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, BNP Paribas downgraded Sodexo from a “neutral” rating to an “underperform” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sodexo Stock Performance

Shares of SDXAY opened at $12.93 on Thursday. Sodexo has a 12 month low of $12.86 and a 12 month high of $20.55. The firm has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $16.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.03 and a current ratio of 1.08.

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.