easyjet (OTCMKTS:EJTTF) Hits New 1-Year High – Time to Buy?

easyjet PLC (OTCMKTS:EJTTF)’s stock price hit a new 52-week high on Monday . The company traded as high as $7.90 and last traded at $7.90, with a volume of 1001 shares. The stock had previously closed at $6.90.

Analyst Ratings Changes

EJTTF has been the topic of a number of analyst reports. UBS Group lowered easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Sanford C. Bernstein lowered easyjet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, easyjet has a consensus rating of “Hold”.

easyjet Trading Up 16.9%

The stock’s 50-day simple moving average is $5.69 and its two-hundred day simple moving average is $5.88.

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.