easyJet (OTCMKTS:EJTTF) Downgraded by Zacks Investment Research to Hold

easyJet (OTCMKTS:EJTTFGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, 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 brokerages also recently commented on EJTTF. Morgan Stanley reiterated a “buy” rating and issued a $800.00 price target on shares of easyJet in a research report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $570.00 price objective on shares of easyJet in a research note on Friday, May 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $520.50.

Shares of OTCMKTS:EJTTF traded up $0.45 on Monday, reaching $6.62. 100 shares of the company traded hands, compared to its average volume of 840. The company’s 50 day moving average is $6.85 and its 200-day moving average is $7.33. easyJet has a fifty-two week low of $6.07 and a fifty-two week high of $13.96.

About easyJet (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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