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

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.67, but opened at $10.14. Accor shares last traded at $10.1250, with a volume of 1,877 shares changing hands.

Analyst Ratings Changes

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

Accor Stock Up 0.8%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.05. The company’s 50 day simple moving average is $10.36 and its two-hundred day simple moving average is $10.61.

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.