Amadeus IT Group (OTCMKTS:AMADY) Upgraded at Cantor Fitzgerald

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

Amadeus IT Group Trading Up 1.4%

Shares of AMADY stock opened at $84.35 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $38.00 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.99 and a beta of 1.16. The company has a 50 day moving average price of $82.47 and a 200 day moving average price of $79.28. Amadeus IT Group has a fifty-two week low of $63.35 and a fifty-two week high of $85.89.

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

Amadeus IT Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 4th were given a dividend of $0.7645 per share. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 134.0%. This is a boost from Amadeus IT Group’s previous dividend of $0.37. Amadeus IT Group’s 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.