HSBC Upgrades ROYAL MAIL PLC/ADR (ROYMY) to Buy

ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating in a research note issued on Monday, February 4th, The Fly reports.

Several other analysts have also issued reports on ROYMY. Zacks Investment Research lowered ROYAL MAIL PLC/ADR from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. ValuEngine lowered ROYAL MAIL PLC/ADR from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Royal Bank of Canada lowered ROYAL MAIL PLC/ADR from a “sector perform” rating to an “underperform” rating in a report on Tuesday, October 9th. Four investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. ROYAL MAIL PLC/ADR has an average rating of “Sell”.

Shares of ROYAL MAIL PLC/ADR stock traded down $0.01 during midday trading on Monday, hitting $7.53. The company’s stock had a trading volume of 19,537 shares, compared to its average volume of 57,674. ROYAL MAIL PLC/ADR has a 1-year low of $6.76 and a 1-year high of $17.18.

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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