Bank of America Downgrades Sabre Corp to Neutral

Brokerage firm Bank of America Downgrades its rating on Sabre Corp(SABR). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Bank of America was issued on Feb 14, 2017 in a research report to their Investors and Clients.

Sabre Corp (SABR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.56% or 0.54 points. Due to strong positive momentum, the stock ended at $21.67, which is also near the day’s high of $21.78. The stock began the session at $21.22 and the volume stood at 58,36,096 shares. The 52-week high of the shares is $29.76 and the 52 week low is $20.89. The company has a current market capitalization of $6,005 M and it has 27,71,29,010 shares in outstanding.

Sabre Corp(SABR) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $829.620M. Analysts had an estimated revenue of $828.450M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.3.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2017, Deborah Kerr (Executive Vice President) sold 150,000 shares at $22.09 per share price.Also, On Jan 10, 2017, Richard A Simonson (Executive Vice President, CFO) sold 60,254 shares at $24.97 per share price.On Dec 19, 2016, William G Jr Robinson (Executive Vice President) sold 21,756 shares at $25.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network which is a global business-to-business travel marketplace for travel suppliers and travel buyers and Airline and Hospitality Solutions which provides a suite of software solutions primarily for airlines and hotel properties. The Company connects travel suppliers including airlines hotels car rental brands rail carriers cruise lines and tour operators with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions ranging from airline and hotel reservations systems to marketing and operations solutions such as planning airline crew schedules re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.

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