Home / Royal Mail / Royal Mail (OTCMKTS:ROYMF) Downgraded by JPMorgan Chase & Co.

Royal Mail (OTCMKTS:ROYMF) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Royal Mail (OTCMKTS:ROYMF) from a neutral rating to an underweight rating in a research report sent to investors on Tuesday, October 29th, Briefing.com Automated Import reports.

Separately, Liberum Capital cut shares of Royal Mail from a hold rating to a sell rating in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold.

OTCMKTS ROYMF opened at $2.80 on Tuesday. The company’s fifty day simple moving average is $2.76 and its 200-day simple moving average is $2.79. Royal Mail has a 52 week low of $2.46 and a 52 week high of $4.14.

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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