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 were traded during trading, a decline of 32% from the average daily volume of 42,739 shares. The stock had previously closed at $10.28.

Wall Street Analyst Weigh In

ACCYY has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Accor in a research report on Wednesday, February 25th. Citigroup restated a “buy” rating on shares of Accor in a research report on Monday. Kepler Capital Markets upgraded Accor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Barclays restated an “overweight” rating on shares of Accor in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Accor Price Performance

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

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.