Zacks Investment Research upgraded shares of easyJet (OTCMKTS:EJTTF) from a sell rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “EasyJet plc is an airline company. It operates primarily in the United Kingdom and Europe. EasyJet plc is based in Luton, the United Kingdom. “

Several other brokerages have also recently weighed in on EJTTF. Credit Suisse Group reaffirmed a buy rating on shares of easyJet in a research note on Thursday, February 14th. Berenberg Bank reaffirmed a sell rating on shares of easyJet in a research note on Wednesday, January 23rd. JPMorgan Chase & Co. reaffirmed a hold rating on shares of easyJet in a research note on Tuesday, April 2nd. HSBC cut easyJet to a hold rating in a research note on Tuesday, April 2nd. Finally, Cfra cut easyJet to a hold rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $17.00.

Shares of EJTTF stock opened at $15.00 on Tuesday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 9.49 and a beta of 1.27. easyJet has a twelve month low of $13.45 and a twelve month high of $24.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 0.97.

About easyJet

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

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