AMADEUS IT Hldg/ADR (AMADY) Downgraded by Zacks Investment Research to “Sell”

AMADEUS IT Hldg/ADR (OTCMKTS:AMADY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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. “

Shares of AMADY stock traded down $0.28 during mid-day trading on Wednesday, reaching $95.32. 26,789 shares of the stock traded hands, compared to its average volume of 20,377. AMADEUS IT Hldg/ADR has a 1-year low of $63.31 and a 1-year high of $95.71. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 31.77 and a beta of 1.06. The company has a current ratio of 0.46, a quick ratio of 0.54 and a debt-to-equity ratio of 0.48.

About AMADEUS IT Hldg/ADR

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. It operates through 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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