easyjet (OTCMKTS:EJTTF) Downgraded by UBS Group to Hold

UBS Group downgraded shares of easyjet (OTCMKTS:EJTTF) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Sanford C. Bernstein lowered easyjet from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

easyjet Price Performance

Shares of EJTTF stock opened at $6.98 on Tuesday. easyjet has a 12-month low of $4.59 and a 12-month high of $7.24. The stock’s 50-day moving average price is $5.45 and its 200-day moving average price is $5.84.

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.