RR Donnelley & Sons (NYSE:RRD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “RR Donnelley is a leading global provider of integrated multichannel marketing and business communications solutions. The company helps the customers communicate more efficiently and effectively as they use words and images to inform, educate, entertain and sell. In each of the businesses, the company uses the distinctive capabilities to manage and distribute words and images in ways that provide the greatest value to every customer. RR Donnelley offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to effectively create, manage, deliver and optimize their multichannel communications strategies. RR Donnelley’s innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times for clients in virtually every private and public sector. “

NYSE RRD traded down $0.05 during trading on Tuesday, hitting $2.09. 744,027 shares of the stock traded hands, compared to its average volume of 992,608. The firm has a market capitalization of $148.68 million, a P/E ratio of 2.99 and a beta of 1.67. The company has a 50-day moving average of $2.28. RR Donnelley & Sons has a 12-month low of $1.92 and a 12-month high of $6.76.

RR Donnelley & Sons (NYSE:RRD) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share for the quarter. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. RR Donnelley & Sons had a negative net margin of 0.15% and a negative return on equity of 21.78%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. On average, equities analysts anticipate that RR Donnelley & Sons will post 0.66 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of RR Donnelley & Sons by 22.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock worth $48,000 after purchasing an additional 2,218 shares during the period. Bessemer Group Inc. lifted its stake in shares of RR Donnelley & Sons by 2,112.9% during the 4th quarter. Bessemer Group Inc. now owns 14,871 shares of the business services provider’s stock worth $58,000 after acquiring an additional 14,199 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of RR Donnelley & Sons during the 4th quarter worth approximately $66,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of RR Donnelley & Sons during the 4th quarter worth approximately $78,000. Finally, Gotham Asset Management LLC bought a new stake in shares of RR Donnelley & Sons during the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 86.91% of the company’s stock.

RR Donnelley & Sons Company Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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