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

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) gapped down prior to trading on Monday . The stock had previously closed at $11.77, but opened at $10.46. Accor shares last traded at $10.4650, with a volume of 5,121 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ACCYY shares. Barclays restated an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Accor Stock Down 9.3%

The stock has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $10.58. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.78.

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.