Sabre Corp (NASDAQ:SABR) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Having a price of $27.99, Sabre Corp (NASDAQ:SABR) traded -0.67% lower on the day. With the last close down 0.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Sabre Corp has recorded a 50-day average of $27.76 and a two hundred day average of $27.99. Volume of trade was down over the average, with 2,418,697 shares of SABR changing hands under the typical 2,844,740
Zacks Investment Research has downgraded Sabre Corp (NASDAQ:SABR) to Strong Sell in a statement released on 10/4/2016.
With a total market value of $0, Sabre Corp has price-earnings ratio of 16.31 with a one year low of $22.03 and a one year high of $30.45 .
A total of 12 analysts have released a report on Sabre Corp. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.33.
More About Sabre Corp (NASDAQ:SABR)
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. The Company operates in two segments: Sabre Travel Network, and Sabre Airline and Hospitality Solutions. The Sabre Travel Network segment is the Company's global business-to-business travel marketplace for travel suppliers and travel buyers. The Sabre Airline and Hospitality Solutions segment offers a suite of software solutions primarily for airlines and hotel properties. The Company connects the travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. The Company does business in approximately 160 countries around the world.
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