Amadeus IT Group (OTCMKTS:AMADY) Upgraded by Cantor Fitzgerald to Strong-Buy Rating

Key Points

• Cantor Fitzgerald has upgraded Amadeus IT Group to a "strong-buy" rating, signaling increased confidence in the company's future performance.
• The stock's recent trading range is between a low of $63.33 and a high of $85.89, with a current market cap of $37.48 billion.
• Despite missing earnings estimates for the last quarter, with $0.95 EPS against a consensus of $0.96, analysts project an EPS of 2.99 for the current fiscal year.

Cantor Fitzgerald upgraded shares of Amadeus IT Group (OTCMKTS:AMADY - Free Report) to a strong-buy rating in a research note released on Wednesday, August 13th,Zacks.com reports.

Amadeus IT Group Trading Down 0.2%

OTCMKTS AMADY traded down $0.17 during trading hours on Wednesday, hitting $83.79. 16,578 shares of the company's stock were exchanged, compared to its average volume of 48,581. The business's 50 day moving average is $82.41 and its 200-day moving average is $79.48. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.19. Amadeus IT Group has a 12-month low of $65.24 and a 12-month high of $85.89. The firm has a market capitalization of $37.75 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.02 and a beta of 1.16.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.01). Amadeus IT Group had a net margin of 21.08% and a return on equity of 27.73%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, analysts anticipate that Amadeus IT Group will post 2.99 EPS for the current fiscal year.

Amadeus IT Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 4th were paid a dividend of $0.7645 per share. This is a positive change from Amadeus IT Group's previous dividend of $0.37. The ex-dividend date was Thursday, July 3rd. This represents a yield of 134.0%. Amadeus IT Group's payout ratio is currently 47.53%.

About Amadeus IT Group

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.