Zacks Investment Research upgraded shares of Panalpina Welt (OTCMKTS:PLWTY) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Panalpina Welttransport Holding AG engages in providing supply chain solutions. It offers freight shipping and supply chain management services. The Company transports freight by air and ship, and offers warehousing and distribution services. Panalpina’s air freight services include general, special, express, and intermodal services; and charter and emergency services. The company also offers ocean freight products comprising full container load, less-than-container load, and non-containerized load products, as well as various special services, such as dangerous goods handling, temperature controlled transportation, cargo insurance, letter of credit processing, certification and legalization of documents, food and drug administration filing, and advanced cargo information filing. It provides logistics services, including inbound, warehousing, production, distribution, and aftermarket services. Panalpina Welttransport Holding AG is headquartered in Basel, Switzerland. “

Shares of Panalpina Welt (OTCMKTS:PLWTY) remained flat at $$27.65 during midday trading on Wednesday. 14 shares of the stock traded hands. Panalpina Welt has a 12 month low of $25.64 and a 12 month high of $27.75. The stock has a market cap of $3,288.11, a price-to-earnings ratio of 50.33 and a beta of 0.36.

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