easyJet plc (OTCMKTS:ESYJY) Receives Average Rating of “Hold” from Brokerages

Shares of easyJet plc (OTCMKTS:ESYJY) have received an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company.

ESYJY has been the topic of several recent analyst reports. Sanford C. Bernstein cut easyJet from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. Barclays reiterated an “overweight” rating on shares of easyJet in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of easyJet in a research note on Friday, May 22nd.

easyJet Stock Performance

easyJet stock opened at $6.70 on Tuesday. easyJet has a 1-year low of $4.57 and a 1-year high of $7.58. The stock’s 50 day moving average price is $5.39 and its 200 day moving average price is $5.94.

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.