Accor (OTCMKTS:ACCYY) Shares Gap Down – Here’s Why

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) gapped down before the market opened on Thursday . The stock had previously closed at $11.98, but opened at $11.45. Accor shares last traded at $11.4430, with a volume of 16,925 shares traded.

Analysts Set New Price Targets

ACCYY has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Accor in a research report on Monday, October 27th. Citigroup reissued a “buy” rating on shares of Accor in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Accor Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.12. The business has a fifty day simple moving average of $11.25 and a 200 day simple moving average of $10.54.

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.