easyJet plc (OTCMKTS:ESYJY) Receives Average Rating of “Reduce” from Analysts

easyJet plc (OTCMKTS:ESYJY) has been given a consensus recommendation of “Reduce” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Morgan Stanley restated an “underweight” rating on shares of easyJet in a research report on Wednesday, June 24th. Barclays reissued an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. Royal Bank Of Canada cut shares of easyJet from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein downgraded easyJet from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th.

easyJet Stock Performance

Shares of OTCMKTS ESYJY traded up $1.02 during midday trading on Friday, hitting $9.00. The stock had a trading volume of 72,068 shares, compared to its average volume of 23,527. The stock has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $6.07. easyJet has a 1 year low of $4.57 and a 1 year high of $9.07.

easyJet Company Profile

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.