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

Accor SA – Sponsored ADR (OTCMKTS:ACCYY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $10.08, but opened at $10.45. Accor shares last traded at $10.2295, with a volume of 1,214 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACCYY. Jefferies Financial Group lowered shares of Accor from an “underperform” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Accor in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Accor Stock Up 1.7%

The firm’s 50 day moving average is $10.62 and its 200 day moving average is $10.58.

Accor Company Profile

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.