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Sanford C. Bernstein cut shares of Royal Mail (OTCMKTS:ROYMF) from an outperform rating to a market perform rating in a report published on Friday, November 29th, Briefing.com Automated Import reports.
A number of other brokerages have also commented on ROYMF. Liberum Capital lowered Royal Mail from a hold rating to a sell rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Royal Mail from a neutral rating to an underweight rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has an average rating of Hold.
Shares of OTCMKTS:ROYMF traded down $0.04 during trading on Friday, reaching $3.07. 100 shares of the company traded hands, compared to its average volume of 17,336. The business’s fifty day moving average is $2.78 and its 200-day moving average is $2.69. Royal Mail has a 52-week low of $2.46 and a 52-week high of $3.91.
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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