Accor (OTCMKTS:ACCYY) Shares Gap Up – What’s Next?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s share 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 trading hands.

Analysts Set New Price Targets

ACCYY has been the topic of several recent research reports. Jefferies Financial Group lowered Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup restated a “buy” rating on shares of Accor in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned 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 “Buy”.

Accor Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.05. The company has a 50 day moving average of $10.79 and a 200 day moving average of $10.53.

About Accor

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.