HSBC Upgrades Royal Mail (OTCMKTS:ROYMF) to Buy

Royal Mail (OTCMKTS:ROYMF) was upgraded by HSBC from a “hold” rating to a “buy” rating in a report issued on Monday, February 4th.

Several other brokerages have also issued reports on ROYMF. Cantor Fitzgerald reiterated a “hold” rating on shares of Royal Mail in a report on Monday, November 19th. Royal Bank of Canada upgraded Royal Mail from an “underperform” rating to a “sector perform” rating in a report on Friday, November 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Royal Mail in a research report on Thursday, January 24th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of Royal Mail in a research report on Tuesday, January 22nd. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold”.

Shares of ROYMF stock remained flat at $$3.49 on Monday. Royal Mail has a 52-week low of $3.44 and a 52-week high of $8.12.

About Royal Mail

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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