HSBC Holdings plc Upgrades Royal Mail Plc (OTCMKTS:ROYMF) to “Buy”

Royal Mail Plc (OTCMKTS:ROYMF) was upgraded by equities researchers at HSBC Holdings plc from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, July 31st, Marketbeat.com reports.

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Separately, UBS AG cut Royal Mail Plc from a “neutral” rating to a “sell” rating in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold”.

Shares of Royal Mail Plc (OTCMKTS ROYMF) traded down 2.93% during midday trading on Monday, reaching $5.08. The company’s stock had a trading volume of 262 shares. The firm has a 50-day moving average of $5.58 and a 200-day moving average of $5.37. Royal Mail Plc has a one year low of $5.08 and a one year high of $6.82. The stock has a market cap of $5.03 billion and a PE ratio of 14.07.

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