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

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

Analyst Upgrades and Downgrades

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

Accor Stock Up 1.8%

The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $10.26 and a 200-day moving average price of $10.64.

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.