Accor (OTCMKTS:ACCYY) Trading Down 0.7% – Here’s What Happened

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s share price dropped 0.7% on Wednesday . The company traded as low as $11.55 and last traded at $11.63. Approximately 16,770 shares were traded during trading, a decline of 37% from the average daily volume of 26,596 shares. The stock had previously closed at $11.71.

Analysts Set New Price Targets

A number of research analysts have commented on ACCYY shares. Citigroup restated a “buy” rating on shares of Accor in a research note on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a report on Monday, October 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Accor has a consensus rating of “Moderate Buy”.

Accor Price Performance

The business’s 50 day moving average is $11.13 and its 200-day moving average is $10.49. The company has a quick ratio of 1.11, a current ratio of 1.12 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.