Accor (OTCMKTS:ACCYY) Trading Down 1.2% – Should You Sell?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares dropped 1.2% during mid-day trading on Tuesday . The company traded as low as $11.26 and last traded at $11.3050. Approximately 24,848 shares changed hands during trading, an increase of 13% from the average daily volume of 22,063 shares. The stock had previously closed at $11.44.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ACCYY shares. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Accor in a research note on Wednesday, October 29th. Finally, Zacks Research raised shares of Accor from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Accor Trading Down 1.2%

The firm has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $10.42. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

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.