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Amadeus IT Group (OTCMKTS: AMADYGet a rating) has been upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report delivered Tuesday to clients and investors, Zacks.com reports. The brokerage currently has a price target of $69.00 on the stock. Zacks Investment ResearchThe company’s price target indicates an upside potential of 12.03% from the company’s current price.

According to Zacks, “Amadeus IT Group SA is a transaction processor for the travel and tourism industry through its subsidiaries. The Company’s operating segment includes distribution and IT solutions. It offers a network providing real-time search, pricing, reservation and ticketing services. Amadeus IT Group SA, formerly known as Amadeus IT Holding, SA, is based in Madrid, Spain. “

Other stock analysts have also published research reports on the stock. Exane BNP Paribas downgraded shares of Amadeus IT Group from a “neutral” rating to an “underperforming” rating in a Monday, February 7 report. BNP Paribas downgraded shares of Amadeus IT Group from a “neutral” rating to an “underperforming” rating in a Monday, February 7 research report. Three investment analysts have assigned the stock a sell rating, three have issued a hold rating and four have assigned the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Amadeus IT Group stock traded at $1.04 in midday trading on Tuesday, hitting $61.59. The company had a trading volume of 134,702 shares, compared to an average volume of 123,169. Amadeus IT Group has a 1-year low of $53.16 and a 1-year high of $79.81. The company has a debt ratio of 1.16, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $27.75 billion, a P/E ratio of -186.64 and a beta of 1.21. The stock’s 50-day simple moving average is $62.42 and its 200-day simple moving average is $64.84.

About Amadeus IT Group (Get a rating)

Amadeus IT Group, SA, together with its subsidiaries, operates as a transaction processor for the travel and tourism industry worldwide. The Company operates through two segments, Distribution and IT Solutions. The company acts as an international network providing real-time search, pricing, reservation and ticketing services.

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