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Royal Mail (OTCMKTS:ROYMF) was upgraded by analysts at Societe Generale from a “sell” rating to a “hold” rating in a report issued on Friday, June 14th, Briefing.com Automated Import reports.
Several other analysts also recently weighed in on ROYMF. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 4th. HSBC reiterated a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a research note on Thursday, February 14th. Finally, Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Royal Mail presently has a consensus rating of “Hold”.
ROYMF traded up $0.16 during trading on Friday, reaching $2.72. The company’s stock had a trading volume of 10,600 shares, compared to its average volume of 26,312. The stock has a fifty day simple moving average of $2.90. Royal Mail has a 1 year low of $2.47 and a 1 year high of $6.48.
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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