BlackBerry (NYSE:BB) Stock Rating Reaffirmed by BMO Capital Markets

Remigio Civitarese
Gennaio 14, 2018

Wells Fargo & Co. reiterated a positive rating and issued a $7.62 target price on shares of BlackBerry in a research report on Tuesday, August 30th.

BlackBerry (NYSE:BB) opened at $13.65 on Friday. The shares were sold at an average price of C$11.27, for a total value of C$304,684.45. Zacks Investment Research upgraded shares of BlackBerry from a hold rating to a buy rating and set a $9.00 price target on the stock in a report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Zacks Investment Research upgraded shares of BlackBerry from a "hold" rating to a "strong-buy" rating and set a $13.00 price target on the stock in a research note on Tuesday, November 28th.

Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) have been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat Ratings reports. Imperial Capital now has an in-line rating on the smartphone producer's stock. The firm has a market cap of $7,320.59, a P/E ratio of 25.28 and a beta of 1.09. BlackBerry has a one year low of $6.65 and a one year high of $14.55. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.33.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.49). BlackBerry had a negative net margin of 93.19% and a negative return on equity of 3.62%. The firm's quarterly revenue was down 45.1% compared to the same quarter previous year. Finally, Royal Bank of Canada raised their target price on BlackBerry from $10.50 to $11.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 21st. During the same period last year, the business posted $0.02 EPS. research analysts expect that BlackBerry will post -0.02 EPS for the current fiscal year. The firm's revenue for the quarter was down 21.9% on a year-over-year basis.

In related news, insider Steven Zipperstein sold 27,035 shares of BlackBerry stock in a transaction that occurred on Monday, October 2nd.

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