Ryanair Holdings PLC (NASDAQ:RYAAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Ryanair operates an ultra-low cost, scheduled airline serving short-haul, point-to-point routes largely in Europe from its bases in airports across Europe. The company offers over 1,600 scheduled short-haul flights per day serving airports largely throughout Europe, with a principal fleet of Boeing 737-800 aircraft. “

Several other research firms also recently weighed in on RYAAY. BNP Paribas began coverage on shares of Ryanair Holdings PLC in a report on Thursday, October 13th. They issued an “outperform” rating for the company. Beaufort Securities reaffirmed a “buy” rating on shares of Ryanair Holdings PLC in a report on Wednesday, October 5th. Deutsche Bank AG downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. Berenberg Bank began coverage on shares of Ryanair Holdings PLC in a report on Friday, November 11th. They issued a “buy” rating for the company. Finally, HSBC raised shares of Ryanair Holdings PLC from a “reduce” rating to a “hold” rating in a report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $89.50.

Analyst Recommendations for Ryanair Holdings PLC (NASDAQ:RYAAY)

Shares of Ryanair Holdings PLC (NASDAQ:RYAAY) opened at 82.68 on Wednesday. Ryanair Holdings PLC has a 1-year low of $66.09 and a 1-year high of $89.67. The firm’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

Large investors have recently modified their holdings of the company. Smithfield Trust Co. boosted its stake in shares of Ryanair Holdings PLC by 0.9% in the second quarter. Smithfield Trust Co. now owns 1,616 shares of the company’s stock valued at $113,000 after buying an additional 15 shares during the period. Quantbot Technologies LP increased its stake in Ryanair Holdings PLC by 236.6% in the third quarter. Quantbot Technologies LP now owns 1,656 shares of the company’s stock valued at $124,000 after buying an additional 1,164 shares during the last quarter. Westpac Banking Corp bought a new stake in Ryanair Holdings PLC during the second quarter valued at about $186,000. Brinker Capital Inc. bought a new stake in Ryanair Holdings PLC during the second quarter valued at about $201,000. Finally, Bremer Trust National Association bought a new stake in Ryanair Holdings PLC during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 41.77% of the company’s stock.

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About Ryanair Holdings PLC

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

5 Day Chart for NASDAQ:RYAAY

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