easyJet (OTCMKTS:ESYJY) Cut to “Market Perform” at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of easyJet (OTCMKTS:ESYJY) from an outperform rating to a market perform rating in a report issued on Monday, Marketbeat Ratings reports.

A number of other research analysts also recently commented on the company. Citigroup raised easyJet from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft cut easyJet from a “hold” rating to a “sell” rating in a research report on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, easyJet has a consensus rating of “Hold”.

easyJet Stock Up 1.3%

ESYJY stock opened at $5.65 on Monday. The business has a 50-day simple moving average of $5.67 and a 200 day simple moving average of $6.19. easyJet has a 52 week low of $4.61 and a 52 week high of $8.04.

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.