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 report issued to clients and investors on Friday, Automated Import reports.

A number of other equities analysts have also commented on ROYMF. Morgan Stanley raised shares of Royal Mail from an “underweight” rating to an “equal” rating in a research report on Thursday, February 14th. JPMorgan Chase & Co. raised shares of Royal Mail from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 4th. Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, HSBC restated a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Royal Mail currently has a consensus rating of “Hold”.

Shares of ROYMF stock traded down $0.04 during trading on Friday, hitting $2.50. 6,239 shares of the company were exchanged, compared to its average volume of 30,630. Royal Mail has a twelve month low of $2.47 and a twelve month 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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