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

easyJet plc (OTCMKTS:ESYJY) has earned an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company.

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of easyJet in a research note on Monday, August 24th. Morgan Stanley reiterated an “underweight” rating on shares of easyJet in a report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Barclays restated an “overweight” rating on shares of easyJet in a research note on Monday, June 15th. Finally, UBS Group downgraded shares of easyJet to a “neutral” rating in a report on Tuesday, June 30th.

easyJet Stock Performance

Shares of OTCMKTS ESYJY opened at $9.08 on Monday. The firm’s 50-day moving average price is $8.47 and its 200-day moving average price is $6.60. easyJet has a 1-year low of $4.57 and a 1-year high of $9.25.

Institutional Trading of easyJet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Square LLC purchased a new stake in shares of easyJet in the second quarter worth approximately $201,000. Public Employees Retirement System of Ohio purchased a new position in shares of easyJet during the second quarter valued at approximately $305,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of easyJet during the second quarter valued at approximately $612,000. 0.01% of the stock is owned by institutional investors.

About easyJet

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.