Royal Mail (ROYMF) Lowered to “Sell” at Societe Generale

Societe Generale downgraded shares of Royal Mail (OTCMKTS:ROYMF) to a sell rating in a research note issued to investors on Tuesday, February 5th.

A number of other research analysts also recently issued reports on the stock. Goldman Sachs Group restated a neutral rating on shares of Royal Mail in a research report on Tuesday, January 22nd. Cantor Fitzgerald reiterated a hold rating on shares of Royal Mail in a research note on Tuesday, January 29th. HSBC upgraded shares of Royal Mail from a hold rating to a buy rating in a research note on Monday, February 4th. Royal Bank of Canada upgraded shares of Royal Mail from an underperform rating to a sector perform rating in a research note on Friday, November 23rd. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of Royal Mail in a report on Thursday, January 24th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Royal Mail presently has an average rating of Hold.

OTCMKTS:ROYMF remained flat at $$3.49 during mid-day trading on Tuesday. Royal Mail has a one year low of $3.44 and a one year 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.

See Also: Cost of equity and a company’s balance sheet

Analyst Recommendations for Royal Mail (OTCMKTS:ROYMF)

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