Amadeus IT Group (OTCMKTS:AMADY) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Crossed above its 50‑day moving average: Amadeus shares moved above the 50‑day MA of $59.50, trading as high as $60.12 and last at $59.07 on volume of 445,756 shares.
• Quarterly earnings beat: The company reported $0.84 EPS versus $0.76 expected and $1.91B in revenue versus $1.89B expected, with a 27.6% ROE and a 20.45% net margin; analysts forecast about 2.99 EPS for the fiscal year.
• Analyst action and consensus: Citigroup downgraded Amadeus from "strong‑buy" to "hold," while overall analyst ratings average a "Moderate Buy" (one Strong Buy, one Buy, two Holds).

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $59.50 and traded as high as $60.12. Amadeus IT Group shares last traded at $59.07, with a volume of 445,756 shares traded.

Analyst Ratings Changes

Separately, Citigroup downgraded Amadeus IT Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Amadeus IT Group Price Performance

The company has a fifty day moving average of $59.50 and a 200-day moving average of $69.48. The firm has a market cap of $26.61 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.25 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.82 and a quick ratio of 0.82.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. Amadeus IT Group had a return on equity of 27.61% and a net margin of 20.45%.The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.89 billion. On average, sell-side analysts anticipate that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current fiscal year.

Amadeus IT Group Company Profile

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.

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