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

Shares of easyJet plc (OTCMKTS:ESYJY) have been assigned a consensus recommendation of “Reduce” from the nine analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Morgan Stanley reiterated an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. UBS Group downgraded shares of easyJet to a “neutral” rating in a research report on Tuesday, June 30th. Citigroup lowered shares of easyJet from a “buy” rating to a “neutral” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada downgraded easyJet from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 30th.

easyJet Stock Performance

Shares of ESYJY traded up $1.02 during midday trading on Friday, hitting $9.00. 72,068 shares of the company’s stock traded hands, compared to its average volume of 23,527. easyJet has a 1 year low of $4.57 and a 1 year high of $9.07. The firm’s fifty day moving average is $6.27 and its 200-day moving average is $6.07.

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.