Zacks Investment Research cut shares of AMADEUS IT HLDG/ADR (OTCMKTS:AMADY) from a buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Amadeus IT Holding SA provides technology solutions for the global travel industry. The company’s customer groups include travel providers which consists of airlines, hotels, rail and ferry operators; travel sellers consists of travel agencies and websites, travel buyers consists of corporations and travel management companies. Amadeus IT Holding SA is headquartered in Madrid, Spain. “

Separately, Jefferies Financial Group assumed coverage on AMADEUS IT HLDG/ADR in a research note on Monday, July 22nd. They issued a buy rating on the stock.

Shares of OTCMKTS AMADY traded up $0.35 during midday trading on Wednesday, hitting $79.74. 45,771 shares of the stock traded hands, compared to its average volume of 26,667. The company has a market cap of $34.84 billion, a PE ratio of 25.89 and a beta of 0.86. The business has a 50 day moving average price of $73.61 and a two-hundred day moving average price of $76.41. AMADEUS IT HLDG/ADR has a one year low of $66.34 and a one year high of $83.20.

AMADEUS IT HLDG/ADR 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 in two segments, Distribution and IT Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services.

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