Royal Mail (OTCMKTS:ROYMF) Upgraded to Hold by Societe Generale

Royal Mail (OTCMKTS:ROYMF) was upgraded by equities research analysts 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 equities analysts have also weighed in on the stock. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 4th. Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a research note on Thursday, February 14th. Three equities 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. Royal Mail currently has a consensus rating of “Hold”.

Shares of ROYMF remained flat at $$2.60 during trading hours on Friday. 14,000 shares of the company were exchanged, compared to its average volume of 25,940. Royal Mail has a 1-year low of $2.47 and a 1-year high of $6.32. The firm’s 50 day moving average is $2.82.

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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