Amadeus IT Group (OTCMKTS:AMADY) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Amadeus IT Group (OTCMKTS:AMADY) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks reports.

Other research analysts have also recently issued reports about the stock. Kepler Capital Markets cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft upgraded Amadeus IT Group to a “buy” rating in a research note on Wednesday, September 16th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Amadeus IT Group Trading Up 1.4%

Shares of Amadeus IT Group stock opened at $63.66 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.55. Amadeus IT Group has a 12-month low of $54.60 and a 12-month high of $79.50. The company has a market capitalization of $27.47 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 3.22 and a beta of 0.92. The firm’s 50-day moving average price is $63.00 and its two-hundred day moving average price is $61.04.

Amadeus IT Group (OTCMKTS:AMADY) last issued its earnings results on Thursday, July 30th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.84%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. On average, analysts forecast that Amadeus IT Group will post 3.87 earnings per share for the current fiscal year.

About Amadeus IT Group

Amadeus IT Group SA is a Spain-based travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its services support airlines, travel agencies, hotels, airports, rail operators, tour operators, and other travel businesses throughout the booking and travel lifecycle.

The company operates the Amadeus Global Distribution System, which connects travel providers with travel agencies and other sellers, enabling the search, comparison, and booking of travel products.