Amadeus IT Group (OTCMKTS:AMADY – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.
According to Zacks, “Amadeus IT Group S.A. is a transaction processor for the travel and tourism industry through its subsidiaries. The company’s operating segment consists of Distribution and IT Solutions. It offers a network providing real-time search, pricing, booking and ticketing services. Amadeus IT Group S.A., formerly known as Amadeus IT Holding, S.A., is based in Madrid, Spain. “
A number of other brokerages have also recently issued reports on AMADY. Exane BNP Paribas cut shares of Amadeus IT Group from a “neutral”…