AMADEUS IT HLDG/ADR (OTCMKTS:AMADY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AMADEUS IT HLDG/ADR (OTCMKTS:AMADY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $89.00 price objective on the stock.

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 began coverage on shares of AMADEUS IT HLDG/ADR in a research report on Monday, July 22nd. They set a buy rating on the stock.

Shares of OTCMKTS:AMADY traded up $0.35 during trading on Tuesday, reaching $79.74. 45,771 shares of the company were exchanged, compared to its average volume of 43,639. The firm has a market capitalization of $34.30 billion, a PE ratio of 25.89 and a beta of 0.86. The business’s fifty day simple moving average is $73.61 and its 200-day simple moving average is $76.41. AMADEUS IT HLDG/ADR has a 12-month low of $66.34 and a 12-month 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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