BlackBerry Receives Buy Rating from Citron Research (BB)
BlackBerry (TSE:BB)‘s stock had its “buy” rating reiterated by investment analysts at Citron Research in a note issued to investors on Monday, Stock Ratings Network.com reports.
BlackBerry (TSE:BB) opened at 10.80 on Monday. BlackBerry has a 52-week low of $5.79 and a 52-week high of $18.38. The stock has a 50-day moving average of $7.80 and a 200-day moving average of $8.7. The company’s market cap is $5.598 billion.
BlackBerry (TSE:BB) last announced its earnings results 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 in the previous year, the company posted ($0.22) earnings per share. Analysts expect that BlackBerry will post $-1.77 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BB. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of BlackBerry in a research note to investors on Monday. Separately, analysts at Oppenheimer downgraded shares of BlackBerry from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, January 13th. Finally, 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, January 10th. Eleven investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company’s stock. BlackBerry currently has a consensus rating of “Hold” and a consensus price target 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.