Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Amadeus IT Group shares rose above their 50-day moving average of $61.07, reaching $67.46 before last trading at $66.93.
• Analyst sentiment is mixed: three analysts rate the stock Buy, two Hold, and one Sell, resulting in a consensus rating of Hold.
• The company beat quarterly expectations, reporting $1.03 EPS versus the $1.01 estimate and revenue of $1.92 billion versus the $1.89 billion consensus.

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $61.07 and traded as high as $67.46. Amadeus IT Group shares last traded at $66.93, with a volume of 24,973 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMADY. Jefferies Financial Group restated a "buy" rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Kepler Capital Markets downgraded shares of Amadeus IT Group from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Amadeus IT Group in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Amadeus IT Group Trading Down 0.2%

The stock has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $60.05. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $28.88 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.82.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. Amadeus IT Group had a return on equity of 29.39% and a net margin of 19.86%.The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. On average, research analysts expect that Amadeus IT Group SA Unsponsored ADR will post 3.94 earnings per share 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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