Sodexo (OTCMKTS:SDXAY) Rating Lowered to “Strong Sell” at Zacks Research

Sodexo (OTCMKTS:SDXAY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Several other research analysts have also recently commented on SDXAY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of Sodexo in a report on Tuesday, July 14th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research report on Tuesday, July 7th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Sodexo has a consensus rating of “Reduce”.

Sodexo Trading Up 1.4%

Shares of SDXAY opened at $13.54 on Wednesday. Sodexo has a 1 year low of $9.08 and a 1 year high of $13.69. The stock has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $11.38.

About Sodexo

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.