Amadeus IT Group (OTCMKTS:AMADY) Shares Gap Up – Time to Buy?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $58.43, but opened at $61.42. Amadeus IT Group shares last traded at $61.45, with a volume of 2,467 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a research note on Sunday, August 2nd. Kepler Capital Markets cut shares of Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft raised Amadeus IT Group to a “buy” rating in a research report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Amadeus IT Group currently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Up 1.4%

The firm’s 50 day moving average price is $63.39 and its 200-day moving average price is $60.85. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55. The company has a market cap of $26.36 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.00 and a beta of 0.92.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.84%. As a group, equities research analysts expect that Amadeus IT Group SA Unsponsored ADR will post 3.87 EPS for the current year.

About Amadeus IT Group

Amadeus IT Group SA is a Spain-based travel technology company that provides software, transaction-processing systems and technology services to businesses across the global travel industry. Its customers include airlines, travel agencies, hotels, airports, railway companies, tour operators and other travel providers.

The company’s offerings include the Amadeus global distribution system, which helps travel sellers search, compare and book travel content, as well as reservation, passenger-service and departure-control systems for airlines.