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

Shares of easyJet plc (OTCMKTS:ESYJY) have been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research 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 firms have commented on ESYJY. Barclays reissued an “overweight” rating on shares of easyJet in a research report on Monday, June 15th. UBS Group lowered easyJet to a “neutral” rating in a report on Tuesday, June 30th. Citigroup reiterated a “neutral” rating on shares of easyJet in a report on Monday, July 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of easyJet in a research report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th.

Hedge Funds Weigh In On easyJet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Square LLC bought a new position in easyJet during the second quarter valued at about $201,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in easyJet in the second quarter valued at about $612,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of easyJet during the 2nd quarter valued at approximately $305,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

easyJet Stock Performance

easyJet stock opened at $9.08 on Monday. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.25. The firm’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $6.60.

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.