easyjet (OTCMKTS:EJTTF) Rating Lowered to Hold at Sanford C. Bernstein

easyjet (OTCMKTS:EJTTF) was downgraded by stock analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

easyjet Price Performance

Shares of EJTTF stock opened at $4.59 on Monday. The business’s fifty day moving average is $5.60 and its 200 day moving average is $6.17. easyjet has a twelve month low of $4.59 and a twelve month high of $8.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.54.

About easyjet

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.