Accor (OTCMKTS:ACCYY) Shares Gap Down – Time to Sell?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $10.85, but opened at $10.11. Accor shares last traded at $10.08, with a volume of 11,775 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Accor in a research note on Wednesday. Jefferies Financial Group downgraded shares of Accor from an “underperform” rating to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Accor Trading Down 7.7%

The business has a fifty day moving average price of $10.56 and a 200 day moving average price of $10.64.

Accor Company Profile

Accor is a global hospitality group that operates, manages and franchises hotels, resorts and other accommodation properties. Its portfolio spans economy, midscale, upscale and luxury segments, serving business and leisure travelers through a broad collection of hotel, resort and lifestyle brands.

The company’s brands include Raffles, Fairmont, Sofitel, MGallery, Novotel, Mercure, ibis, Pullman, Swissôtel, Mövenpick, Adagio and the Ennismore lifestyle portfolio. In addition to lodging, Accor’s activities include food and beverage, meetings and events, wellness, and other guest-focused hospitality services.

Accor traces its origins to 1967, when Paul Dubrule and Gérard Pélisson opened the first Novotel near Lille, France.