Accor (OTCMKTS:ACCYY) Shares Gap Up – Still a Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) gapped up prior to trading on Tuesday. The stock had previously closed at $10.08, but opened at $10.45. Accor shares last traded at $10.2295, with a volume of 1,214 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a report on Monday, August 3rd. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Accor Price Performance

The stock’s 50 day simple moving average is $10.59 and its 200-day simple moving average is $10.59.

Accor Company Profile

Accor (OTCMKTS:ACCYY) is a France-based hospitality company that operates, manages and franchises hotels, resorts and other accommodation businesses worldwide. Its portfolio spans luxury, premium, midscale and economy properties serving business and leisure travelers, along with related hospitality and guest services.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Mövenpick, Novotel, Mercure and ibis. Accor also operates hospitality-related businesses such as extended-stay accommodations, vacation rentals, branded residences and loyalty services through its ALL – Accor Live Limitless platform.

Accor was founded in 1967 by Paul Dubrule and Gérard Pélisson, initially developing the Novotel concept in France.