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Royal Mail (OTCMKTS:ROYMF) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Monday, June 17th, Briefing.com Automated Import reports.
A number of other brokerages have also issued reports on ROYMF. Societe Generale raised Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. HSBC reiterated a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. Finally, Berenberg Bank upgraded Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
Shares of ROYMF opened at $2.60 on Monday. Royal Mail has a 12 month low of $2.47 and a 12 month high of $6.32. The firm has a 50 day simple moving average of $2.86.
About Royal Mail
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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