Amadeus IT Group (OTCMKTS:AMADY) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Shares of Amadeus IT Group, S.A. (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 $76.90 and traded as high as $78.89. Amadeus IT Group shares last traded at $78.89, with a volume of 30,445 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMADY. Morgan Stanley reissued an "overweight" rating on shares of Amadeus IT Group in a research report on Tuesday, March 11th. Hsbc Global Res upgraded shares of Amadeus IT Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Finally, Sanford C. Bernstein raised shares of Amadeus IT Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd.

Amadeus IT Group Stock Up 0.6 %

The company has a market cap of $35.99 billion, a P/E ratio of 26.99, a P/E/G ratio of 2.24 and a beta of 1.05. The company has a 50-day simple moving average of $77.18 and a 200 day simple moving average of $73.63. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amadeus IT Group Company Profile

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.