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

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays reiterated an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. Kepler Capital Markets upgraded Accor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research note on Wednesday, February 25th. Finally, Citigroup reiterated a “buy” rating on shares of Accor in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Accor Stock Up 1.8%

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

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.