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

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

Several brokerages recently weighed in on ESYJY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of easyJet in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft upgraded shares of easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. UBS Group cut easyJet to a “neutral” rating in a research note on Tuesday, June 30th. Finally, Citigroup reiterated a “neutral” rating on shares of easyJet in a report on Monday, July 13th.

easyJet Stock Performance

Shares of OTCMKTS:ESYJY opened at $8.93 on Friday. easyJet has a 1 year low of $4.57 and a 1 year high of $9.25. The firm’s 50-day moving average is $8.86 and its two-hundred day moving average is $7.02.

About easyJet

easyJet plc is a British low-cost airline group headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, connecting airports across the United Kingdom and Europe with destinations in the Mediterranean, North Africa and the Middle East. Its services emphasize affordable fares, point-to-point routes and a range of optional travel services.

Founded in 1995 by entrepreneur Sir Stelios Haji-Ioannou, easyJet began operations with flights from London Luton to Glasgow and Edinburgh.