Sanford C. Bernstein Downgrades Amadeus IT Group (OTCMKTS:AMADY) to Hold

Sanford C. Bernstein downgraded shares of Amadeus IT Group (OTCMKTS:AMADY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Amadeus IT Group Stock Performance

Shares of OTCMKTS AMADY opened at $69.09 on Tuesday. The firm has a fifty day simple moving average of $72.16 and a two-hundred day simple moving average of $69.14. 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.