easyJet (OTCMKTS:ESYJY) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of easyJet (OTCMKTS:ESYJY) from an overweight rating to a neutral rating in a report published on Tuesday morning, Marketbeat Ratings reports.

A number of other brokerages have also recently commented on ESYJY. Barclays reiterated an “overweight” rating on shares of easyJet in a research report on Friday, May 23rd. Morgan Stanley reiterated an “overweight” rating on shares of easyJet in a research report on Friday, May 23rd. Finally, Royal Bank Of Canada upgraded shares of easyJet to an “outperform” rating in a research report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

easyJet Trading Down 1.5%

Shares of OTCMKTS ESYJY opened at $6.08 on Tuesday. easyJet has a one year low of $5.19 and a one year high of $8.04. The firm’s 50 day simple moving average is $6.61 and its two-hundred day simple moving average is $6.76.

About easyJet

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.