ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists of UK Parcels, International and Letters, General Logistics Systems and Other. UKPIL segment collects and delivers parcels and letters predominantly. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises European parcel business and is focused on the deferred parcels segment. Royal Mail plc is headquartered in London, the United Kingdom. “
Several other analysts also recently weighed in on ROYMY. ValuEngine downgraded shares of ROYAL MAIL PLC/ADR from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. JPMorgan Chase & Co. downgraded shares of ROYAL MAIL PLC/ADR from a “neutral” rating to an “underweight” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada downgraded shares of ROYAL MAIL PLC/ADR from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 9th. Finally, HSBC downgraded shares of ROYAL MAIL PLC/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average price target of $16.00.
ROYAL MAIL PLC/ADR 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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