Accor (OTCMKTS:ACCYY) Sees Strong Trading Volume – Here’s Why

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares saw strong trading volume on Wednesday . 231,860 shares changed hands during mid-day trading, an increase of 560% from the previous session’s volume of 35,114 shares.The stock last traded at $11.78 and had previously closed at $11.90.

Analyst Upgrades and Downgrades

ACCYY has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of Accor in a report on Wednesday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Accor in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Accor Stock Performance

The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The business has a 50-day simple moving average of $11.21 and a two-hundred day simple moving average of $10.51.

Accor Company Profile

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.