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.

ILLEGAL ACTIVITY NOTICE: This story was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/14/blackberrys-bb-hold-rating-reaffirmed-at-canaccord-genuity-4.html. 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.

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