Accor (OTCMKTS:ACCYY) Shares Gap Up – Time to Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) shares gapped up prior to trading 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 equities research analysts have weighed in on ACCYY shares. Kepler Capital Markets upgraded shares of Accor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Barclays restated an “overweight” rating on shares of Accor in a research report on Monday, February 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Accor in a research 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Accor currently has a consensus rating of “Buy”.

Accor Stock Up 4.5%

The firm’s 50-day moving average price is $10.29 and its 200 day moving average price is $10.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.05.

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.