PostNL NV (OTCMKTS:PNLYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $4.75 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.29% from the stock’s previous close.

According to Zacks, “PostNL N.V. is formed from the split of TNT N.V. operates as a mail company engage din the collection, sorting, transportation and delivery of letters and parcels in Netherlands. The Company also offers data and document management, direct marketing, and fulfillment services. PostNL N.V. is based in Hoofddorp, the Netherlands. “

Shares of PostNL NV (OTCMKTS:PNLYY) opened at 4.23 on Friday. PostNL NV has a 52 week low of $3.82 and a 52 week high of $5.40. The firm has a 50-day moving average of $4.14 and a 200 day moving average of $4.56. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 10.82 and a beta of 0.81.

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About PostNL NV

PostNL N.V. is the provider of postal and parcel services in the Netherlands. The Company operates through three segments: Mail in the Netherlands, Parcels and International, and PostNL Other. The Company’s geographical segments include The Netherlands, Germany, Italy, Rest of Europe, Europe and Rest of the World.

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