BlackBerry Receives Sell Rating from Citigroup Inc. (BB)
BlackBerry (TSE:BB)‘s stock had its “sell” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Monday, Analyst Ratings Network reports.
A number of other firms have also recently commented on BB. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of BlackBerry from C$5.00 to C$6.00 in a research note to investors on Friday, January 3rd. Eleven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$7.43.
BlackBerry (TSE:BB) opened at 10.80 on Monday. BlackBerry has a 1-year low of $5.79 and a 1-year high of $18.38. The stock’s 50-day moving average is $7.80 and its 200-day moving average is $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 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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