Sanford C. Bernstein Upgrades BlackBerry to Market Perform (BB)
BlackBerry (TSE:BB) was upgraded by analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network reports.
A number of other firms have also recently commented on BB. Analysts at TD Securities cut their price target on shares of BlackBerry (TSE:BB) from C$11.50 to C$9.00 in a research note to investors on Tuesday, September 24th. They now have a “hold” rating on the stock. Separately, analysts at Robert W. Baird upgraded shares of BlackBerry (TSE:BB) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 24th. Finally, analysts at Paradigm Capital cut their price target on shares of BlackBerry (TSE:BB) from C$15.00 to C$10.50 in a research note to investors on Tuesday, September 24th. They now have a “hold” rating on the stock. Nine investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$8.92.
BlackBerry (TSE:BB) traded down 1.09% on Monday, hitting $8.19. The stock had a trading volume of 728,853 shares. BlackBerry has a 52-week low of $7.99 and a 52-week high of $12.59. The stock has a 50-day moving average of $10.51 and a 200-day moving average of $13.07. The company’s market cap is $4.297 billion.
BlackBerry (TSE:BB) last released its earnings data on Friday, September 27th. The company reported ($1.84) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.49) by $1.35. During the same quarter in the prior year, the company posted ($0.27) earnings per share. Analysts expect that BlackBerry will post $-1.13 EPS for the current fiscal year.
BlackBerry, formerly Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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