BlackBerry Limited (NYSE:BB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $12.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 12.25% from the stock’s previous close.
According to Zacks, “BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada. “
BB has been the subject of several other research reports. Scotiabank restated an “outperform” rating and issued a $13.50 price target on shares of BlackBerry Limited in a research note on Thursday, September 21st. Royal Bank Of Canada lifted their price objective on BlackBerry Limited from $9.50 to $10.50 and gave the stock a “sector perform” rating in a report on Friday, September 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of BlackBerry Limited in a report on Sunday, August 13th. Vetr lowered BlackBerry Limited from a “strong-buy” rating to a “buy” rating and set a $10.20 price objective for the company. in a report on Tuesday, September 26th. Finally, Bank of America Corporation lifted their price objective on BlackBerry Limited from $7.50 to $8.00 and gave the stock an “underperform” rating in a report on Friday, September 22nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.70.
Shares of BlackBerry Limited (BB) traded down $0.09 during trading hours on Tuesday, reaching $10.69. The company’s stock had a trading volume of 2,337,300 shares, compared to its average volume of 6,393,957. The stock has a market capitalization of $5,590.00, a PE ratio of 539.00 and a beta of 1.04. BlackBerry Limited has a 1-year low of $6.65 and a 1-year high of $11.78. The company has a quick ratio of 5.17, a current ratio of 5.19 and a debt-to-equity ratio of 0.27.
BlackBerry Limited (NYSE:BB) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $221.21 million. BlackBerry Limited had a return on equity of 2.70% and a net margin of 49.62%. The business’s revenue was down 32.4% compared to the same quarter last year. sell-side analysts predict that BlackBerry Limited will post -0.04 EPS for the current fiscal year.
BlackBerry Limited Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
Receive News & Ratings for BlackBerry Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Limited and related companies with MarketBeat.com's FREE daily email newsletter.