easyjet (OTCMKTS:EJTTF) Stock Rating Lowered by UBS Group

easyjet (OTCMKTS:EJTTF) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

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

easyjet Price Performance

Shares of OTCMKTS EJTTF opened at $6.98 on Tuesday. easyjet has a 1 year low of $4.59 and a 1 year high of $7.24. The firm’s 50-day moving average is $5.45 and its 200-day moving average is $5.84.

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.