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Royal Mail (OTCMKTS:ROYMF) was upgraded by equities researchers at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report issued on Monday, June 17th, Briefing.com Automated Import reports.
Other equities research analysts have also issued reports about the stock. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. HSBC restated a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 4th. Finally, Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold”.
Shares of ROYMF stock opened at $2.56 on Monday. Royal Mail has a 52 week low of $2.47 and a 52 week high of $6.48. The firm has a 50 day simple moving average of $2.92.
Royal Mail Company Profile
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
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