Amadeus IT Group (OTCMKTS:AMADY) Sees Large Volume Increase – Still a Buy?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) shares saw unusually-high trading volume on Wednesday . Approximately 64,140 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 53,144 shares.The stock last traded at $74.4175 and had previously closed at $73.53.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Santander raised Amadeus IT Group to an “outperform” rating in a research report on Friday, November 21st. Oddo Bhf lowered Amadeus IT Group to a “neutral” rating in a report on Wednesday, September 24th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Amadeus IT Group Stock Down 0.3%

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $75.06 and a 200-day moving average price of $79.28. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 3.24 and a beta of 0.81.

Amadeus IT Group (OTCMKTS:AMADY) last announced its earnings results on Friday, November 7th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Amadeus IT Group had a net margin of 21.10% and a return on equity of 27.25%. On average, equities analysts forecast that Amadeus IT Group SA Unsponsored ADR will post 2.99 EPS for the current year.

Amadeus IT Group Company Profile

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.