easyjet (OTCMKTS:EJTTF) Downgraded to "Hold" Rating by Sanford C. Bernstein

Key Points

• Sanford C. Bernstein downgraded easyJet (OTCMKTS:EJTTF) from a strong-buy to a hold rating.
• Shares opened at $4.59 — also the 52‑week low — versus a 52‑week high of $8.44, and the stock is trading below its 50‑day ($5.65) and 200‑day ($6.18) moving averages.
• easyJet is a UK low‑cost carrier operating point‑to‑point flights across Europe, Turkey, North Africa and parts of the Middle East, monetizing fares and ancillary services.

easyjet (OTCMKTS:EJTTF - Get Free Report) was downgraded by investment analysts at Sanford C. Bernstein from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

easyjet Stock Performance

Shares of OTCMKTS:EJTTF opened at $4.59 on Monday. easyjet has a 52 week low of $4.59 and a 52 week high of $8.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day moving average of $5.65 and a 200 day moving average of $6.18.

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.

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