easyJet plc (OTCMKTS:ESYJY) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of easyJet plc (OTCMKTS:ESYJY) have been assigned an average recommendation of “Reduce” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company.

A number of analysts have issued reports on ESYJY shares. Morgan Stanley reissued an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Barclays reaffirmed an “overweight” rating on shares of easyJet in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft raised shares of easyJet from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Citigroup restated a “neutral” rating on shares of easyJet in a report on Monday, July 13th. Finally, UBS Group lowered shares of easyJet to a “neutral” rating in a research report on Tuesday, June 30th.

easyJet Stock Down 0.3%

Shares of OTCMKTS:ESYJY opened at $8.88 on Friday. The business has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $7.07. easyJet has a 52 week low of $4.57 and a 52 week high of $9.25.

easyJet Company Profile

easyJet plc is a British low-cost airline group headquartered at London Luton Airport. The company operates scheduled passenger flights under the easyJet brand, connecting airports across the United Kingdom and Europe with destinations in the Mediterranean, North Africa and the Middle East. Its services emphasize affordable fares, point-to-point routes and a range of optional travel services.

Founded in 1995 by entrepreneur Sir Stelios Haji-Ioannou, easyJet began operations with flights from London Luton to Glasgow and Edinburgh.