Amadeus IT Group (OTCMKTS:AMADY) Downgraded by Zacks Research to Strong Sell

Key Points

• Zacks Research downgraded Amadeus IT Group from “Hold” to “Strong Sell,” while analyst opinions remain mixed; the overall consensus rating is “Hold.”
• AMADY shares opened at $63.66, with a market capitalization of approximately $27.47 billion and a one-year trading range of $54.60 to $79.50.
• The company exceeded quarterly expectations, reporting $1.03 in earnings per share versus a $1.01 estimate and revenue of $1.92 billion versus $1.89 billion expected.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other research firms have also issued reports on AMADY. Jefferies Financial Group restated a "buy" rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft raised Amadeus IT Group to a "buy" rating in a research report on Wednesday, September 16th. Finally, Kepler Capital Markets downgraded Amadeus IT Group from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold".

Amadeus IT Group Stock Performance

Shares of AMADY stock opened at $63.66 on Wednesday. The company has a fifty day moving average price of $63.00 and a two-hundred day moving average price of $61.04. Amadeus IT Group has a one year low of $54.60 and a one year high of $79.50. The stock has a market cap of $27.47 billion, a P/E ratio of 16.27, a P/E/G ratio of 3.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.03 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.89 billion. As a group, equities analysts predict that Amadeus IT Group will post 3.87 EPS for the current year.

Amadeus IT Group Company Profile

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.

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