Amadeus IT Group (OTCMKTS:AMADY) Downgraded to Hold Rating by Sanford C. Bernstein

Sanford C. Bernstein cut shares of Amadeus IT Group (OTCMKTS:AMADY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Amadeus IT Group Stock Up 1.0 %

Shares of AMADY stock opened at $69.75 on Tuesday. The firm’s 50-day moving average is $72.14 and its two-hundred day moving average is $69.18. Amadeus IT Group has a 12 month low of $58.51 and a 12 month high of $75.12.

Amadeus IT Group Company Profile

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.