Accor (OTCMKTS:ACCYY) Hits New 1-Year High – Time to Buy?

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) hit a new 52-week high during trading on Tuesday . The company traded as high as $11.98 and last traded at $11.90, with a volume of 104338 shares traded. The stock had previously closed at $11.74.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ACCYY. Morgan Stanley reissued 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 report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Accor has an average rating of “Moderate Buy”.

Accor Price Performance

The firm’s 50-day simple moving average is $11.19 and its 200 day simple moving average is $10.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.12.

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.