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

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

Several other research firms also recently weighed in on ROYMF. HSBC reissued a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Berenberg Bank upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Morgan Stanley upgraded shares of Royal Mail from an “underweight” rating to an “equal” rating in a research report on Thursday, February 14th. Finally, JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research report on Tuesday, June 4th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold”.

ROYMF traded down $0.04 during midday trading on Friday, hitting $2.50. 6,239 shares of the company traded hands, compared to its average volume of 30,630. Royal Mail has a 52-week low of $2.47 and a 52-week high of $6.76.

Royal Mail Company Profile

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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Analyst Recommendations for Royal Mail (OTCMKTS:ROYMF)

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