easyjet (OTCMKTS:EJTTF) Rating Increased to Hold at Zacks Research

easyjet (OTCMKTS:EJTTF) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Sanford C. Bernstein downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

easyjet Price Performance

Shares of OTCMKTS:EJTTF opened at $8.16 on Wednesday. easyjet has a fifty-two week low of $4.59 and a fifty-two week high of $8.23. The firm’s 50 day moving average price is $5.83 and its 200 day moving average price is $5.90.

About easyjet

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.