Relx (RELX) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of Relx (NYSE:RELX) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Relx PLC is engaged in providing information solutions. Its products and services comprise intellectual property content delivered through various media, including online, journals and books. The Company’s operating segments consists of Scientific, Technical & Medical, Risk & Business Information; Legal and Exhibitions. RELX PLC, formerly known as Reed Elsevier PLC, is based in LONDON, United Kingdom. “

Separately, Deutsche Bank lowered Relx from a buy rating to a hold rating in a research note on Wednesday, February 13th.

Shares of NYSE RELX traded up $0.02 during trading hours on Tuesday, reaching $23.00. The stock had a trading volume of 2,074 shares, compared to its average volume of 437,992. The company has a current ratio of 0.44, a quick ratio of 0.40 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $23.96 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.27 and a beta of 0.55. Relx has a twelve month low of $19.23 and a twelve month high of $23.26.

The company also recently announced a semiannual dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 3rd will be paid a $0.2278 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.96%. Relx’s payout ratio is 68.14%.

Several hedge funds and other institutional investors have recently modified their holdings of RELX. We Are One Seven LLC bought a new stake in Relx in the fourth quarter valued at $26,000. Financial Gravity Wealth Inc. bought a new stake in Relx in the first quarter valued at $30,000. Icon Wealth Partners LLC bought a new stake in Relx in the first quarter valued at $32,000. Zions Bancorporation N.A. bought a new stake in Relx in the first quarter valued at $42,000. Finally, Financial Gravity Companies Inc. bought a new stake in Relx in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 4.32% of the company’s stock.

About Relx

RELX PLC provides information based-analytics and decision tools for professional and business customers in the United States and internationally. It operates through four segments: Scientific, Technical & Medical; Risk & Business Analytics; and Exhibitions. The Scientific, Technical & Medical segment provides information and analytics to institutions and professionals that enables progress in science, advance healthcare, and performance improvement.

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