Zacks Investment Research upgraded shares of PostNL NV (OTCMKTS:PNLYY) from a hold rating to a buy rating in a research note issued to investors on Friday. The brokerage currently has $4.75 price target on the transportation company’s stock.

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. “

PostNL NV (OTCMKTS:PNLYY) opened at 4.30 on Friday. PostNL NV has a one year low of $3.82 and a one year high of $5.40. The company has a market cap of $1.93 billion, a P/E ratio of 11.00 and a beta of 0.81. The company has a 50-day moving average of $4.14 and a 200 day moving average of $4.56.

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The company also recently disclosed a None dividend, which was paid on Tuesday, September 5th. Shareholders of record on Thursday, August 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. PostNL NV’s payout ratio is 48.57%.

PostNL NV Company Profile

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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