AMADEUS IT HLDG/ADR (OTCMKTS:AMADY) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research lowered 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 initiated coverage on AMADEUS IT HLDG/ADR in a report on Monday, July 22nd. They issued a buy rating for the company.

Shares of AMADY traded up $0.35 during midday trading on Wednesday, reaching $79.74. The stock had a trading volume of 45,771 shares, compared to its average volume of 26,667. AMADEUS IT HLDG/ADR has a 12-month low of $66.34 and a 12-month high of $83.20. The company’s 50-day moving average is $73.61 and its 200 day moving average is $76.41. The company has a market capitalization of $34.84 billion, a price-to-earnings ratio of 25.89 and a beta of 0.86.

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.

Further Reading: Sell-Side Analysts

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