easyJet plc (OTCMKTS:ESYJY) Given Average Recommendation of “Reduce” by Analysts

Shares of easyJet plc (OTCMKTS:ESYJY) have been given an average rating of “Reduce” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company.

ESYJY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Sanford C. Bernstein downgraded shares of easyJet from an “outperform” rating to a “market perform” rating in a report on Monday, April 13th. Royal Bank Of Canada lowered shares of easyJet from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 30th. UBS Group cut shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of easyJet in a research report on Monday.

easyJet Stock Performance

OTCMKTS ESYJY opened at $9.09 on Friday. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.16. The stock’s 50-day moving average is $6.43 and its two-hundred day moving average is $6.10.

About easyJet

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.