Sabre (NASDAQ:SABR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.
Sabre Stock Performance
Shares of NASDAQ:SABR traded up $0.07 during trading hours on Wednesday, hitting $3.69. The stock had a trading volume of 4,311,913 shares, compared to its average volume of 4,373,944. The stock’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.13. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -4.67 and a beta of 1.74. Sabre has a 1-year low of $1.81 and a 1-year high of $4.68.
Sabre (NASDAQ:SABR – Get Free Report) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to the consensus estimate of $774.53 million. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. As a group, research analysts anticipate that Sabre will post -0.3 EPS for the current year.
Institutional Inflows and Outflows
Sabre Company Profile
Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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