Amadeus IT Group (OTCMKTS:AMADY) Sees Large Volume Increase – Time to Buy?

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) saw strong trading volume on Thursday . 671,724 shares changed hands during trading, an increase of 208% from the previous session’s volume of 218,066 shares.The stock last traded at $57.4340 and had previously closed at $56.17.

Analysts Set New Price Targets

Separately, Citigroup lowered Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Amadeus IT Group Stock Up 0.8%

The stock has a market cap of $26.08 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.24 and a beta of 0.77. The business has a fifty day moving average of $58.89 and a 200 day moving average of $67.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.82 and a quick ratio of 0.82.

Amadeus IT Group (OTCMKTS:AMADY) last posted its earnings results on Friday, February 27th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.61%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. On average, equities analysts predict that Amadeus IT Group SA Unsponsored ADR will post 4.13 earnings per share 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.