Royal Mail (OTCMKTS:ROYMF) Upgraded to “Hold” at Societe Generale

Royal Mail (OTCMKTS:ROYMF) was upgraded by equities researchers at Societe Generale from a “sell” rating to a “hold” rating in a research note issued on Friday, June 14th, Briefing.com Automated Import reports.

A number of other analysts have also recently commented on the company. HSBC reiterated a “hold” rating on shares of Royal Mail in a research 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. Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a report on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold”.

Shares of ROYMF stock traded down $0.12 during mid-day trading on Friday, hitting $2.60. The company’s stock had a trading volume of 16,735 shares, compared to its average volume of 25,940. Royal Mail has a 52-week low of $2.47 and a 52-week high of $6.32. The company has a 50-day 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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