Accor (OTCMKTS:ACCYY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Accor SA – Sponsored ADR (OTCMKTS:ACCYY) saw an uptick in trading volume on Tuesday . 492,827 shares traded hands during mid-day trading, an increase of 471% from the previous session’s volume of 86,318 shares.The stock last traded at $9.3925 and had previously closed at $9.02.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACCYY. Barclays reiterated an “overweight” rating on shares of Accor in a report on Monday, February 23rd. Kepler Capital Markets raised shares of Accor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Accor in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Accor currently has an average rating of “Buy”.

Accor Stock Performance

The stock has a fifty day moving average of $10.61 and a 200 day moving average of $10.53. The company has a current ratio of 1.05, a quick ratio of 1.04 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.