Accor (OTCMKTS:ACCYY) Downgraded to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Accor (OTCMKTS:ACCYYGet Rating) from a neutral rating to an underweight rating in a report released on Thursday, The Fly reports. The brokerage currently has $21.00 price target on the stock, down from their prior price target of $35.50.

A number of other analysts have also weighed in on ACCYY. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Accor from €38.00 ($38.78) to €28.10 ($28.67) in a research note on Thursday, September 8th. Societe Generale upped their price objective on shares of Accor from €35.50 ($36.22) to €36.40 ($37.14) and gave the stock a buy rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $29.90.

Accor Stock Down 6.2 %

OTCMKTS:ACCYY opened at $4.23 on Thursday. Accor has a 1-year low of $4.21 and a 1-year high of $7.88. The company has a 50-day moving average of $5.08 and a 200 day moving average of $5.79.

About Accor

(Get Rating)

Accor SA operates a chain of hotels. It operates through two segments, HotelServices, and Hotel Assets & Other. The company owns, operates, manages, and franchises hotels. It also provides digital services to independent hotel operators through D-edge platform; ResDiary, a flat-rate online table reservation system that is designed for restaurant owners; Gekko solutions, including digital hotel distribution and loyalty platforms for the travel industry and large companies; and concierge and customized services through John Paul, as well as hotel booking services; and other services in events, fine dining, and entertainment through Paris Society and Potel & Chabot platforms.

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