Accor (OTCMKTS:ACCYY) Shares Down 2% – Should You Sell?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s share price dropped 2% during mid-day trading on Friday . The stock traded as low as $9.98 and last traded at $10.0750. Approximately 28,873 shares traded hands during trading, a decline of 32% from the average daily volume of 42,739 shares. The stock had previously closed at $10.28.

Analysts Set New Price Targets

ACCYY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Accor in a research note on Wednesday, February 25th. Citigroup restated a “buy” rating on shares of Accor in a research note on Monday. Barclays restated an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. Finally, Kepler Capital Markets upgraded Accor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. 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 stock. Based on data from MarketBeat.com, Accor currently has an average rating of “Buy”.

Accor Price Performance

The stock has a 50-day moving average of $9.92 and a 200 day moving average of $10.65. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.77.

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.