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Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Above 50-Day Moving Average - Time to Sell?

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Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $61.98 and traded as high as $66.99. Amadeus IT Group shares last traded at $66.75, with a volume of 114,657 shares traded.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Amadeus IT Group

Amadeus IT Group Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $28.81 billion, a PE ratio of 18.91, a P/E/G ratio of 2.31 and a beta of 0.84. The business's fifty day moving average is $61.98 and its 200-day moving average is $60.32.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last announced its quarterly earnings data 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 29.84% and a net margin of 19.86%.The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.89 billion. On average, research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.03 earnings per share for the current fiscal year.

Amadeus IT Group Company Profile

(Get Free Report)

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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