Accor (OTCMKTS:ACCYY) Shares Down 4.3% – What’s Next?

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) dropped 4.3% on Friday . The company traded as low as $11.45 and last traded at $11.47. Approximately 8,731 shares traded hands during trading, a decline of 81% from the average daily volume of 44,776 shares. The stock had previously closed at $11.98.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ACCYY shares. Citigroup reaffirmed a “buy” rating on shares of Accor in a research note on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research note on Monday, October 27th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Accor Price Performance

The company has a 50 day moving average of $11.25 and a 200 day moving average of $10.53. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.78.

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.