Accor (OTCMKTS:ACCYY) Shares Gap Up – Here’s Why

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $10.47, but opened at $10.99. Accor shares last traded at $10.61, with a volume of 1,635 shares traded.

Analyst Upgrades and Downgrades

ACCYY has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded shares of Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. Citigroup reissued a “buy” rating on shares of Accor in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Accor has an average rating of “Buy”.

Accor Trading Up 1.3%

The firm has a fifty day moving average of $10.79 and a 200-day moving average of $10.53. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

Accor Company Profile

Accor is a France-based global hospitality group that operates, manages, franchises and licenses hotels, resorts and residences. The company serves a broad range of market segments, from luxury and premium accommodations to midscale and economy properties, and provides related services including food and beverage, meeting and event facilities, and hospitality management.

Accor’s portfolio includes internationally recognized brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Novotel, Mercure, ibis and ibis Styles, as well as lifestyle and extended-stay offerings.