Accor SA – Sponsored ADR (OTCMKTS:ACCYY) Stock Rated “Buy” by Wall Street Brokerages

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) have received an average recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

ACCYY has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Accor in a research report on Wednesday. Jefferies Financial Group cut Accor from an “underperform” rating to a “hold” rating in a report on Thursday, June 25th.

Accor Stock Up 2.9%

ACCYY stock opened at $10.85 on Friday. The stock’s 50 day moving average price is $10.56 and its 200 day moving average price is $10.64. Accor has a 1 year low of $8.71 and a 1 year high of $12.05.

About Accor

Accor is a global hospitality group that operates, manages and franchises hotels, resorts and other accommodation properties. Its portfolio spans economy, midscale, upscale and luxury segments, serving business and leisure travelers through a broad collection of hotel, resort and lifestyle brands.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Novotel, Mercure, ibis, Pullman, Swissôtel, Mövenpick, Adagio and the Ennismore lifestyle portfolio. In addition to lodging, Accor’s activities include food and beverage, meetings and events, wellness, and other guest-focused hospitality services.

Accor traces its origins to 1967, when Paul Dubrule and Gérard Pélisson opened the first Novotel near Lille, France.