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

easyjet (OTCMKTS:EJTTF) was downgraded by equities researchers at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

easyjet Price Performance

Shares of OTCMKTS EJTTF opened at $6.98 on Tuesday. The business has a fifty day simple moving average of $5.45 and a 200-day simple moving average of $5.84. easyjet has a 12 month low of $4.59 and a 12 month high of $7.24.

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.