Accor (OTCMKTS:ACCYY) Sees Unusually-High Trading Volume – Here’s Why

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares saw unusually-strong trading volume on Tuesday . Approximately 290,849 shares were traded during mid-day trading, an increase of 413% from the previous session’s volume of 56,655 shares.The stock last traded at $10.1950 and had previously closed at $9.84.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Accor in a research report on Monday, February 23rd. Kepler Capital Markets upgraded shares of Accor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Accor in a report on Wednesday, February 25th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Accor Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.12. The stock has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $10.58.

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.