easyJet plc (OTCMKTS:ESYJY) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of easyJet plc (OTCMKTS:ESYJY) have received an average recommendation of “Reduce” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company.

A number of brokerages have weighed in on ESYJY. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. UBS Group cut shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of easyJet in a research note on Monday, August 24th. Citigroup reissued a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Finally, Morgan Stanley restated an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th.

easyJet Price Performance

Shares of OTCMKTS ESYJY opened at $8.89 on Friday. The business has a 50-day moving average price of $8.86 and a 200 day moving average price of $6.94. easyJet has a 52-week low of $4.57 and a 52-week high of $9.25.

About easyJet

easyJet plc is a British low-cost airline group headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, connecting airports across the United Kingdom and Europe with destinations in the Mediterranean, North Africa and the Middle East. Its services emphasize affordable fares, point-to-point routes and a range of optional travel services.

Founded in 1995 by entrepreneur Sir Stelios Haji-Ioannou, easyJet began operations with flights from London Luton to Glasgow and Edinburgh.