Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Above 50-Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemAmadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $59.45 and traded as high as $61.93. Amadeus IT Group shares last traded at $61.10, with a volume of 44,350 shares.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Citigroup downgraded shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a report on Friday, May 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amadeus IT Group currently has an average rating of “Moderate Buy”.
View Our Latest Report on Amadeus IT Group
Amadeus IT Group Stock Performance
The company has a market cap of $27.80 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.47 and a beta of 0.80. The firm’s fifty day moving average is $59.61 and its 200 day moving average is $64.45. The company has a current ratio of 0.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53.
Amadeus IT Group (OTCMKTS:AMADY – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. Amadeus IT Group had a net margin of 20.35% and a return on equity of 28.72%. As a group, research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.05 EPS for the current fiscal year.
About Amadeus IT Group
Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company’s platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.
Amadeus’s product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.