Accor (OTCMKTS:ACCYY) Sees Unusually-High Trading Volume – Here’s Why

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares saw an uptick in trading volume on Thursday . Approximately 251,267 shares changed hands during mid-day trading, an increase of 277% from the previous session’s volume of 66,585 shares.The stock last traded at $10.58 and had previously closed at $10.5060.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Accor in a research note on Monday, August 3rd. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Accor Price Performance

The company’s 50-day simple moving average is $10.75 and its 200 day simple moving average is $10.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.04.

About Accor

Accor is a France-based global hospitality group that operates, manages, franchises and licenses hotels, resorts and residences. The company serves a broad range of market segments, from luxury and premium accommodations to midscale and economy properties, and provides related services including food and beverage, meeting and event facilities, and hospitality management.

Accor’s portfolio includes internationally recognized brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Novotel, Mercure, ibis and ibis Styles, as well as lifestyle and extended-stay offerings.