Amadeus IT Group (OTCMKTS:AMADY) Price Target Cut to €61.00

Amadeus IT Group (OTCMKTS:AMADYGet Rating) had its price objective cut by research analysts at JPMorgan Chase & Co. from €62.00 ($62.00) to €61.00 ($61.00) in a report issued on Monday, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley reduced their target price on shares of Amadeus IT Group from €69.00 ($69.00) to €66.50 ($66.50) in a report on Monday, October 17th. Redburn Partners began coverage on shares of Amadeus IT Group in a research report on Wednesday, September 28th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.38.

Amadeus IT Group Stock Down 1.1 %

AMADY opened at $51.31 on Monday. Amadeus IT Group has a twelve month low of $42.98 and a twelve month high of $74.69. The company has a 50-day moving average price of $49.58 and a 200 day moving average price of $55.10. The company has a market cap of $23.12 billion, a PE ratio of 65.78 and a beta of 1.20.

Amadeus IT Group Company Profile

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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, booking, and ticketing services.

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