BlackBerry Upgraded to Sector Perform by RBC Capital (BB)
BlackBerry (TSE:BB) was upgraded by RBC Capital from an “underperform” rating to a “sector perform” rating in a research note issued on Friday, StockRatingsNetwork.com reports.
BlackBerry (TSE:BB) opened at 9.47 on Friday. BlackBerry has a 52-week low of $5.79 and a 52-week high of $12.59. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $8.93. The company’s market cap is $4.909 billion.
BlackBerry (TSE:BB) last released its earnings data on Friday, December 20th. The company reported ($0.67) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.24. During the same quarter last year, the company posted ($0.22) earnings per share. Analysts expect that BlackBerry will post $-1.76 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CIBC reiterated a “sector underperform” rating on shares of BlackBerry in a research note to investors on Monday, December 23rd. Separately, analysts at Hudson Square Research downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a research note to investors on Monday, December 23rd. Finally, analysts at Socgen cut their price target on shares of BlackBerry from C$7.00 to C$6.00 in a research note to investors on Monday, December 16th. They now have a “hold” rating on the stock. Ten analysts have rated the stock with a sell rating and twenty-three have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$7.43.
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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