Amadeus IT Group (OTCMKTS:AMADY) Shares Cross Above Fifty Day Moving Average – What’s Next?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $59.45 and traded as high as $61.93. Amadeus IT Group shares last traded at $61.10, with a volume of 44,350 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMADY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amadeus IT Group in a report on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Finally, Citigroup lowered shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Amadeus IT Group currently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Down 3.5%

The company has a current ratio of 0.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $27.53 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.50 and a beta of 0.80. The stock’s 50 day simple moving average is $59.45 and its 200 day simple moving average is $64.58.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings data on Friday, May 8th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Amadeus IT Group had a net margin of 20.35% and a return on equity of 28.72%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. As a group, research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.05 EPS 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.