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

Shares of Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) gapped up before the market opened 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

AMADY has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Amadeus IT Group in a research report on Sunday, August 2nd. Kepler Capital Markets cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Amadeus IT Group to a “buy” rating in a report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Amadeus IT Group Stock Up 1.4%

The company has a market capitalization of $26.36 billion, a PE ratio of 17.30, a P/E/G ratio of 3.00 and a beta of 0.92. The business has a 50-day moving average of $63.39 and a 200 day moving average of $60.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Amadeus IT Group had a net margin of 19.86% and a return on equity of 29.84%. Equities research analysts predict that Amadeus IT Group SA Unsponsored ADR will post 3.87 earnings per share 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.