Accor (OTCMKTS:ACCYY) Shares Up 2.1% – Still a Buy?

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shot up 2.1% during mid-day trading on Wednesday . The company traded as high as $10.92 and last traded at $10.87. 49,930 shares changed hands during trading, an increase of 291% from the average session volume of 12,757 shares. The stock had previously closed at $10.65.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Accor in a report on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Accor in a research report on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Accor Trading Up 2.1%

The firm’s 50 day moving average is $10.99 and its two-hundred day moving average is $10.50. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.78.

About Accor

Accor is a leading global hospitality group headquartered in Issy-les-Moulineaux, France, with operations spanning more than 100 countries across Europe, the Americas, Asia-Pacific, the Middle East and Africa. Founded in 1967 by Paul Dubrule and Gérard Pélisson, the company has grown from a single motel in Lille into one of the world’s largest hotel operators and owners, offering accommodation and hospitality services to both leisure and business travelers.

The company’s extensive brand portfolio covers a wide spectrum of market segments, ranging from luxury and premium offerings to midscale and economy hotels.