easyJet (OTCMKTS:EJTTF) Stock Rating Lowered by Zacks Investment Research

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easyJet (OTCMKTS:EJTTF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “EasyJet plc is an airline company. It operates primarily in the United Kingdom and Europe. EasyJet plc is based in Luton, the United Kingdom. “

Other analysts also recently issued research reports about the stock. Credit Suisse Group reissued a “buy” rating and set a $12.06 price objective on shares of easyJet in a report on Wednesday, September 18th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of easyJet in a report on Monday, September 23rd. HSBC reaffirmed a “hold” rating and issued a $10.00 price target on shares of easyJet in a report on Monday, September 16th. Sanford C. Bernstein reaffirmed a “hold” rating and issued a $10.00 price target on shares of easyJet in a report on Wednesday, September 18th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $12.60 price target on shares of easyJet in a report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. easyJet currently has an average rating of “Hold” and a consensus price target of $168.09.

EJTTF stock opened at $11.50 on Friday. The company has a market cap of $5.71 billion, a P/E ratio of 7.28 and a beta of 0.83. easyJet has a 52 week low of $11.35 and a 52 week high of $14.39. The company’s 50-day moving average price is $11.62 and its 200 day moving average price is $12.99.

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

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Analyst Recommendations for easyJet (OTCMKTS:EJTTF)

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