Equities research analysts at Credit Suisse Group assumed coverage on shares of ACCOR S A/S (OTCMKTS:ACCYY) in a report released on Wednesday, The Fly reports. The firm set an “underperform” rating on the stock.
Several other equities analysts also recently issued reports on ACCYY. Morgan Stanley downgraded shares of ACCOR S A/S from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 15th. Goldman Sachs Group downgraded ACCOR S A/S from a “buy” rating to a “sell” rating in a report on Monday, May 18th. Barclays downgraded ACCOR S A/S from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 17th. HSBC reiterated a “buy” rating on shares of ACCOR S A/S in a research note on Tuesday, June 23rd. They noted that the move was a valuation call. Finally, Citigroup downgraded ACCOR S A/S from a “neutral” rating to a “sell” rating in a report on Monday, April 27th. Five analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.
Shares of ACCOR S A/S stock opened at $5.43 on Wednesday. The company has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $6.82. ACCOR S A/S has a 12-month low of $4.30 and a 12-month high of $9.56.
ACCOR S A/S Company Profile
Accor SA operates a chain of hotels worldwide. It operates through three segments: HotelServices, Hotel Assets & Others, and New Businesses. The company owns, operates, manages, and franchises hotels. It also provides digital solutions to independent hotel operators and restaurant owners through Fastbooking, Availpro, ResDiary, and Adoria platforms; and hotel booking services for travels agencies and corporates through Gekko solutions.
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