Accor (OTCMKTS:ACCYY) Sees Unusually-High Trading Volume – Still a Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYYGet Free Report) saw unusually-strong trading volume on Thursday . 251,267 shares were traded during 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.

Wall Street Analyst Weigh In

ACCYY has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Accor in a report 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 assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Get Our Latest Report on ACCYY

Accor Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a 50 day moving average price of $10.77 and a 200 day moving average price of $10.52.

About Accor

(Get Free Report)

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.

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