Amadeus IT Group (OTCMKTS:AMADY) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Kepler Capital Markets lowered shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Amadeus IT Group Stock Up 0.1%

The business has a fifty day moving average of $62.14 and a 200 day moving average of $60.36. The stock has a market cap of $28.84 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY) last posted its 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 net margin of 19.86% and a return on equity of 29.84%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. On average, equities analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.03 earnings per share for the current 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.