Accor (OTCMKTS:ACCYY) Shares Down 2% – What’s Next?

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY – Get Free Report) fell 2% during trading on Friday . The company traded as low as $9.98 and last traded at $10.0750. 28,873 shares traded hands during trading, a decline of 32% from the average session volume of 42,739 shares. The stock had previously closed at $10.28.

Analysts Set New Price Targets

A number of brokerages have recently commented on ACCYY. Kepler Capital Markets raised Accor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Barclays reissued an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of Accor in a research note on Monday, May 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Accor in a research note on Wednesday, February 25th. One investment 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’s stock. Based on data from MarketBeat, Accor presently has an average rating of “Buy”.

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Accor Trading Down 2.0%

The stock has a 50 day moving average of $9.92 and a 200 day moving average of $10.65. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

About Accor

(Get Free Report)

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.

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