easyjet (OTCMKTS:EJTTF) Stock Rating Upgraded by Zacks Research

easyjet (OTCMKTS:EJTTF) was upgraded by research analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. UBS Group downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Sanford C. Bernstein downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

easyjet Stock Performance

Shares of EJTTF opened at $8.16 on Wednesday. The company’s fifty day moving average is $5.83 and its 200 day moving average is $5.90. easyjet has a fifty-two week low of $4.59 and a fifty-two week high of $8.23.

easyjet Company Profile

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.