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 Friday . The stock had previously closed at $9.64, but opened at $10.19. Accor shares last traded at $10.19, with a volume of 3,376 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACCYY. Morgan Stanley reaffirmed an “overweight” rating on shares of Accor in a report on Wednesday, February 25th. Barclays reiterated an “overweight” rating on shares of Accor in a report on Monday, February 23rd. Finally, Kepler Capital Markets raised Accor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Accor has an average rating of “Buy”.

Accor Stock Up 4.9%

The company’s 50-day moving average is $10.26 and its 200 day moving average is $10.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.05 and a quick ratio of 1.04.

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.