Accor (OTCMKTS:ACCYY) Sees Unusually-High Trading Volume – Time to Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) saw unusually-strong trading volume on Tuesday . Approximately 492,827 shares traded hands during mid-day trading, an increase of 471% from the previous session’s volume of 86,318 shares.The stock last traded at $9.3925 and had previously closed at $9.02.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACCYY. Kepler Capital Markets raised shares of Accor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Morgan Stanley reissued an “overweight” rating on shares of Accor in a research report on Wednesday, February 25th. Finally, Barclays restated an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Accor Stock Performance

The business’s 50 day moving average price is $10.66 and its 200-day moving average price is $10.53. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.05.

About Accor

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.