Amadeus IT Group (OTCMKTS:AMADY) Sees Strong Trading Volume – Time to Buy?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw unusually-strong trading volume on Wednesday . Approximately 64,140 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 53,144 shares.The stock last traded at $74.4175 and had previously closed at $73.53.

Analysts Set New Price Targets

AMADY has been the subject of a number of research reports. Santander upgraded shares of Amadeus IT Group to an “outperform” rating in a research report on Friday, November 21st. Oddo Bhf downgraded shares of Amadeus IT Group to a “neutral” rating in a report on Wednesday, September 24th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Amadeus IT Group Stock Performance

The company’s 50-day moving average is $74.86 and its two-hundred day moving average is $79.20. The company has a market capitalization of $33.23 billion, a P/E ratio of 21.95, a PEG ratio of 3.23 and a beta of 0.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.50.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.04. Amadeus IT Group had a return on equity of 27.25% and a net margin of 21.10%.The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Equities analysts anticipate that Amadeus IT Group SA Unsponsored ADR will post 2.99 earnings per share for the current fiscal year.

About Amadeus IT Group

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.