Cantor Fitzgerald Upgrades Amadeus IT Group (OTCMKTS:AMADY) to Strong-Buy

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.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) was upgraded by analysts at Cantor Fitzgerald to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Amadeus IT Group Stock Performance

Shares of AMADY stock opened at $83.20 on Wednesday. Amadeus IT Group has a 12 month low of $63.33 and a 12 month high of $85.89. The stock has a market cap of $37.48 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.97 and a beta of 1.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company's fifty day moving average price is $82.49 and its 200-day moving average price is $79.19.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.95 EPS 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 business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts expect that Amadeus IT Group will post 2.99 EPS for the current fiscal year.

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.

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