easyJet plc (OTCMKTS:ESYJY) Receives Consensus Recommendation of “Reduce” from Analysts

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

ESYJY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. UBS Group lowered shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Finally, Royal Bank Of Canada cut easyJet from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 30th.

easyJet Price Performance

Shares of OTCMKTS ESYJY opened at $9.02 on Friday. The stock’s 50-day moving average is $6.67 and its 200 day moving average is $6.15. easyJet has a 1-year low of $4.57 and a 1-year high of $9.17.

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.