Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Down – Here’s Why

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADYGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $75.73, but opened at $71.93. Amadeus IT Group shares last traded at $72.09, with a volume of 14,036 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised Amadeus IT Group to a “strong-buy” rating in a research report on Wednesday, August 13th. Oddo Bhf lowered Amadeus IT Group to a “neutral” rating in a research note on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

View Our Latest Research Report on AMADY

Amadeus IT Group Stock Performance

The firm has a market cap of $32.49 billion, a PE ratio of 22.26, a P/E/G ratio of 3.50 and a beta of 1.09. The stock has a 50-day moving average price of $78.52 and a 200 day moving average price of $80.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.18 and a quick ratio of 1.18.

Amadeus IT Group (OTCMKTS:AMADYGet Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. Amadeus IT Group had a return on equity of 27.11% and a net margin of 21.08%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. Research analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share for the current year.

Amadeus IT Group Company Profile

(Get Free Report)

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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