Amadeus IT traded at 52.66 this Wednesday June 3rd, decreasing 1.80 or 3.31 percent since the previous trading session. Looking back, over the last four weeks, Amadeus IT lost 10.12 percent. Over the last 12 months, its price fell by 28.74 percent. Looking ahead, we forecast Amadeus IT to be priced at 53.29 by the end of this quarter and at 49.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Amadeus IT Group SA, formerly Amadeus IT Holding SA, is a Spain-based company engaged in the provision of information technology (IT) services primarily for the tourism and travel industries. The Company’s activities are divided into two business segments: Distribution and IT Solutions. The Distribution division offers Global Distribution System (GDS), a worldwide computerized reservation system (CRS) used as a single point of access for booking airline seats, hotel rooms and other travel-related services by travel agencies and travel management companies. The IT Solutions division provides a range of technology solutions that automate core processes for travel providers. Its customers include full service carriers and low-cost airlines, hotel managers, rail operators, cruise and ferry operators, travel insurers and car rental companies, among others. The Company operates through numerous subsidiaries in Europe, the Americas, Asia, Africa and Australia.