easyJet (OTCMKTS:ESYJY) Shares Cross Above Fifty Day Moving Average of $5.76

easyJet plc (OTCMKTS:ESYJY – Get Rating)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.76 and traded as high as $5.97. easyJet shares last traded at $5.88, with a volume of 749 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on ESYJY. Sanford C. Bernstein cut easyJet from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 26th. Bank of America downgraded easyJet from a “buy” rating to an “underperform” rating in a research report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “buy” rating in a research report on Tuesday, February 14th. HSBC raised shares of easyJet from a “hold” rating to a “buy” rating in a research note on Wednesday, January 25th. Finally, Barclays began coverage on shares of easyJet in a research note on Tuesday, February 21st. They issued an “equal weight” rating on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $526.88.

easyJet Price Performance

The company’s 50-day simple moving average is $5.76 and its 200-day simple moving average is $4.66.

About easyJet

(Get Rating)

easyJet Plc engages in the provision of passenger airline and carrier services. It operates through the Airline Business and Holidays Business segments. The Airline Business segment covers the route network. The Holidays Business segment sells holiday packages. The firm’s principal activities include airline operations and aircraft trading and leasing.