easyJet plc (OTCMKTS:ESYJY) Receives Consensus Recommendation of “Reduce” from Analysts

easyJet plc (OTCMKTS:ESYJY) has earned a consensus recommendation of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Several equities analysts recently commented on ESYJY shares. Deutsche Bank Aktiengesellschaft upgraded shares of easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. Sanford C. Bernstein lowered shares of easyJet from an “outperform” rating to a “market perform” rating in a research report on Monday, April 13th. Barclays reaffirmed an “overweight” rating on shares of easyJet in a report on Monday, June 15th. Finally, Citigroup reiterated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th.

easyJet Price Performance

ESYJY opened at $8.77 on Thursday. The stock has a fifty day moving average of $7.55 and a 200-day moving average of $6.30. easyJet has a fifty-two week low of $4.57 and a fifty-two week high of $9.17.

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.