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BlackBerry (TSE:BB) was downgraded by analysts at Oppenheimer from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, Stock Ratings News reports.

BB has been the subject of a number of other recent research reports. Analysts at RBC Capital upgraded shares of BlackBerry from an “underperform” rating to a “sector perform” rating in a research note to investors on Friday. Finally, analysts at CIBC reiterated a “sector underperform” rating on shares of BlackBerry in a research note to investors on Monday, December 23rd. Eleven research analysts have rated the stock with a sell rating and twenty-three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$7.43.

Shares of BlackBerry (TSE:BB) traded down 5.02% during mid-day trading on Monday, hitting $9.08. The stock had a trading volume of 1,447,432 shares. BlackBerry has a 1-year low of $5.79 and a 1-year high of $12.59. The stock’s 50-day moving average is $7.26 and its 200-day moving average is $8.89. The company’s market cap is $4.707 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. On average, analysts predict that BlackBerry will post $-1.77 earnings per share 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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