Amadeus IT Group (OTCMKTS:AMADY) Downgraded by Kepler Capital Markets to Strong Sell

Amadeus IT Group (OTCMKTS:AMADY) was downgraded by equities research analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Morgan Stanley restated an “overweight” rating on shares of Amadeus IT Group in a report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Amadeus IT Group in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Amadeus IT Group presently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Stock Down 0.2%

Amadeus IT Group stock opened at $58.83 on Monday. Amadeus IT Group has a 52-week low of $54.75 and a 52-week high of $85.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a 50 day moving average price of $60.13 and a two-hundred day moving average price of $62.96. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.37 and a beta of 0.80.

Amadeus IT Group (OTCMKTS:AMADY) last announced its earnings results on Friday, May 8th. The company reported $1.01 earnings per share for the quarter, topping 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 business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. Equities analysts predict that Amadeus IT Group will post 3.93 EPS for the current 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.