Accor SA – Sponsored ADR (ACCYY) – What Are Brokerages Thinking About This Stock?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY) has been assigned an average recommendation of “Buy” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

ACCYY has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of Accor in a research report on Monday, August 3rd. Jefferies Financial Group downgraded Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th.

Accor Trading Up 2.1%

OTCMKTS ACCYY opened at $10.38 on Friday. The business’s fifty day moving average is $10.58 and its 200 day moving average is $10.60. Accor has a fifty-two week low of $8.71 and a fifty-two week high of $12.05.

About Accor

Accor (OTCMKTS:ACCYY) is a France-based hospitality company that operates, manages and franchises hotels, resorts and other accommodation businesses worldwide. Its portfolio spans luxury, premium, midscale and economy properties serving business and leisure travelers, along with related hospitality and guest services.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Pullman, Swissôtel, Mövenpick, Novotel, Mercure and ibis. Accor also operates hospitality-related businesses such as extended-stay accommodations, vacation rentals, branded residences and loyalty services through its ALL – Accor Live Limitless platform.

Accor was founded in 1967 by Paul Dubrule and Gérard Pélisson, initially developing the Novotel concept in France.