Amadeus IT Group (OTCMKTS:AMADY) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Amadeus IT Group, S.A. (OTCMKTS:AMADY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $74.36 and traded as high as $79.72. Amadeus IT Group shares last traded at $79.08, with a volume of 44,946 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of Amadeus IT Group in a report on Tuesday, March 11th. Sanford C. Bernstein raised shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Amadeus IT Group Price Performance

The firm has a 50-day simple moving average of $74.78 and a 200-day simple moving average of $72.62. The firm has a market capitalization of $35.75 billion, a PE ratio of 26.81, a PEG ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.85.

Amadeus IT Group Company Profile

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The company operates through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.