Royal Mail (OTCMKTS:ROYMF) was downgraded by research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a note issued to investors on Friday, The Fly reports.

Several other analysts also recently weighed in on ROYMF. UBS raised Royal Mail from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 11th. Berenberg Bank assumed coverage on Royal Mail in a research note on Tuesday, October 31st. They set a “hold” rating on the stock.

Shares of Royal Mail (OTCMKTS:ROYMF) remained flat at $$5.59 during trading on Friday. Royal Mail has a 1-year low of $4.90 and a 1-year high of $5.61.

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The Fly

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