Zacks Investment Research cut shares of PostNL NV (OTCMKTS:PNLYY) from a buy rating to a hold rating in a report published on Tuesday.

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 $4.08 on Tuesday. PostNL NV has a 1 year low of $3.82 and a 1 year high of $5.35. The company has a debt-to-equity ratio of -16.15, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market capitalization of $1,889.79, a PE ratio of 12.00 and a beta of 0.89.

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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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