Amadeus IT Group (OTCMKTS:AMADY) Upgraded to “Strong-Buy” at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Amadeus IT Group (OTCMKTS:AMADY) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Amadeus IT Group Stock Performance

Amadeus IT Group stock opened at $84.35 on Wednesday. Amadeus IT Group has a 12 month low of $63.35 and a 12 month high of $85.89. The company has a market cap of $38.00 billion, a PE ratio of 26.03, a P/E/G ratio of 2.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.19 and a quick ratio of 1.19. The company has a fifty day moving average price of $82.47 and a two-hundred day moving average price of $79.28.

Amadeus IT Group (OTCMKTS:AMADY) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). Amadeus IT Group had a net margin of 21.08% and a return on equity of 27.73%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Research analysts expect that Amadeus IT Group will post 2.99 earnings per share for the current year.

Amadeus IT Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 4th were issued a dividend of $0.7645 per share. This represents a dividend yield of 134.0%. This is a positive change from Amadeus IT Group’s previous dividend of $0.37. The ex-dividend date of this dividend was Thursday, July 3rd. Amadeus IT Group’s dividend payout ratio is presently 47.84%.

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.