Zacks Investment Research Upgrades Royal Mail (OTCMKTS:ROYMY) to “Buy”

Zacks Investment Research upgraded shares of Royal Mail (OTCMKTS:ROYMY) from a hold rating to a buy rating in a research note published on Wednesday, February 7th. Zacks Investment Research currently has $16.00 price target on the stock.

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 (OTCMKTS ROYMY) opened at $14.98 on Wednesday. Royal Mail has a 12 month low of $9.75 and a 12 month high of $15.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.75 and a current ratio of 0.76.

The firm also recently announced a None dividend, which was paid on Thursday, January 25th. Investors of record on Friday, December 8th were paid a $0.173 dividend. The ex-dividend date of this dividend was Thursday, December 7th.

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Royal Mail Company Profile

Royal Mail plc operates as an universal postal service provider in the United Kingdom 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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