Accor (OTCMKTS:ACCYY) Shares Gap Up – Time to Buy?

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.64, but opened at $10.19. Accor shares last traded at $10.19, with a volume of 3,376 shares.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ACCYY. Barclays reissued an “overweight” rating on shares of Accor in a research note on Monday, February 23rd. Kepler Capital Markets raised shares of Accor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Accor in a research note on Wednesday, February 25th. One equities research 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. Based on data from MarketBeat, Accor presently has an average rating of “Buy”.

Accor Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.04 and a current ratio of 1.05. The firm’s 50 day moving average is $10.29 and its two-hundred day moving average is $10.60.

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.