Royal Mail Plc (ROYMY) Rating Increased to Hold at Zacks Investment Research

Royal Mail Plc (NASDAQ: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. “

Royal Mail Plc (NASDAQ:ROYMY) opened at 10.63 on Thursday. Royal Mail Plc has a one year low of $9.77 and a one year high of $16.26. The firm’s 50-day moving average price is $10.20 and its 200 day moving average price is $11.47. The firm has a market capitalization of $5.32 billion and a P/E ratio of 20.13.

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