easyJet plc (OTCMKTS:ESYJY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of easyJet plc (OTCMKTS:ESYJY) have been assigned an average rating of “Reduce” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two 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. Royal Bank Of Canada downgraded shares of easyJet from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 30th. Morgan Stanley restated an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Sanford C. Bernstein downgraded shares of easyJet from an “outperform” rating to a “market perform” rating in a report on Monday, April 13th. UBS Group lowered shares of easyJet to a “neutral” rating in a research note on Tuesday, June 30th. Finally, Citigroup reissued a “neutral” rating on shares of easyJet in a report on Monday, July 13th.

easyJet Stock Performance

ESYJY opened at $8.77 on Thursday. The stock’s fifty day simple moving average is $7.55 and its 200 day simple moving average is $6.30. easyJet has a 1-year low of $4.57 and a 1-year high of $9.17.

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.