Zacks Investment Research Lowers easyJet (OTCMKTS:EJTTF) to Hold

easyJet (OTCMKTS:EJTTF – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, 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. “

Several other research analysts also recently weighed in on the stock. Morgan Stanley restated a “buy” rating and issued a $800.00 target price on shares of easyJet in a research note on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $570.00 target price on shares of easyJet in a report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, easyJet presently has a consensus rating of “Buy” and a consensus target price of $520.81.

EJTTF stock remained flat at $$6.10 on Tuesday. 40 shares of the company traded hands, compared to its average volume of 866. easyJet has a 1 year low of $6.07 and a 1 year high of $13.96. The company has a fifty day simple moving average of $6.87 and a two-hundred day simple moving average of $7.41.

easyJet Company Profile (Get Rating)

easyJet plc operates as an airline carrier primarily in Europe. It also leases aircrafts, as well as operates tours; and provides financing services. As of September 31, 2021, the company operated 927 routes with approximately 308 aircrafts in 34 countries; and 153 airports. It sells seats through its own website www.easyjet.com and its ‘easyJet Worldwide' platform, its mobile application, global distribution systems, corporate online booking tools, content aggregators, and tour operator.

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