easyJet plc (OTCMKTS:ESYJY) Given Average Rating of “Reduce” by Brokerages

easyJet plc (OTCMKTS:ESYJY) has earned a consensus rating of “Reduce” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company.

ESYJY has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Citigroup restated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of easyJet in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th.

easyJet Price Performance

Shares of ESYJY opened at $9.03 on Monday. easyJet has a 1-year low of $4.57 and a 1-year high of $9.25. The firm has a 50 day simple moving average of $8.65 and a 200-day simple moving average of $6.68.

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.