Accor (OTCMKTS:ACCYY) Shares Gap Up – Still a Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) gapped up before the market opened on Tuesday. The stock had previously closed at $10.08, but opened at $10.45. Accor shares last traded at $10.2295, with a volume of 1,214 shares trading hands.

Analyst Ratings Changes

ACCYY has been the subject of several research analyst reports. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Accor Stock Performance

The business’s 50-day simple moving average is $10.62 and its 200 day simple moving average is $10.58.

Accor Company Profile

Accor (OTCMKTS:ACCYY) is a France-based hospitality company that operates, manages and franchises hotels, resorts and other accommodation businesses worldwide. Its portfolio spans luxury, premium, midscale and economy properties serving business and leisure travelers, along with related hospitality and guest services.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Mövenpick, Novotel, Mercure and ibis. Accor also operates hospitality-related businesses such as extended-stay accommodations, vacation rentals, branded residences and loyalty services through its ALL – Accor Live Limitless platform.

Accor was founded in 1967 by Paul Dubrule and Gérard Pélisson, initially developing the Novotel concept in France.