Amadeus IT Group (OTCMKTS:AMADY) Upgraded to “Strong-Buy” at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Amadeus IT Group (OTCMKTS:AMADY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Separately, Hsbc Global Res raised shares of Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Amadeus IT Group Stock Up 1.8 %

Shares of OTCMKTS:AMADY opened at $80.11 on Monday. The firm’s 50 day moving average price is $72.36 and its 200 day moving average price is $71.40. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Amadeus IT Group has a fifty-two week low of $59.28 and a fifty-two week high of $80.36. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amadeus IT Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th were issued a dividend of $0.3706 per share. The ex-dividend date of this dividend was Thursday, January 16th. Amadeus IT Group’s payout ratio is currently 23.70%.

Amadeus IT Group 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 through three segments: Air Distribution, Air IT Solutions, and Hospitality & Other Solutions. The company acts as an international network providing real-time search, pricing, booking, and ticketing services, and other processing solutions through Amadeus GDS, Altéa PSS, and New Skies platforms.