Accor (OTCMKTS:ACCYY) Shares Break Above 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Accor SA – Sponsored ADR (OTCMKTS:ACCYY – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.60 and traded as high as $10.75. Accor shares last traded at $10.61, with a volume of 63,238 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup reiterated a “buy” rating on shares of Accor in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Accor presently has an average rating of “Buy”.

Check Out Our Latest Stock Report on ACCYY

Accor Stock Performance

The stock’s 50-day moving average price is $10.50 and its 200 day moving average price is $10.60.

About Accor

(Get Free Report)

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.

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