Accor (OTCMKTS:ACCYY) Trading Up 1.8% – Still a Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) was up 1.8% during mid-day trading on Tuesday . The company traded as high as $10.70 and last traded at $10.61. Approximately 13,234 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 31,812 shares. The stock had previously closed at $10.42.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACCYY shares. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a report on Wednesday, February 25th. Kepler Capital Markets upgraded shares of Accor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Barclays reiterated an “overweight” rating on shares of Accor in a report on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Accor in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Accor Price Performance

The business’s 50-day simple moving average is $10.31 and its two-hundred day simple moving average is $10.64. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.77.

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.