Amadeus IT Group (OTCMKTS:AMADY) Hits New 1-Year High – Time to Buy?

Amadeus IT Group, S.A. (OTCMKTS:AMADY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $75.62 and last traded at $75.24, with a volume of 41049 shares changing hands. The stock had previously closed at $73.35.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMADY. Hsbc Global Res upgraded Amadeus IT Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Sanford C. Bernstein lowered shares of Amadeus IT Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Amadeus IT Group Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $71.33 and its two-hundred day moving average is $70.11. The company has a market cap of $33.90 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

Amadeus IT Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 16th were given 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 24.66%.

About Amadeus IT Group

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.