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BlackBerry (NASDAQ:BBRY) has been given a consensus rating of “Hold” by the thirty-seven ratings firms that are currently covering the stock, Analyst Ratings Net reports. Eleven research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.45.

BlackBerry (NASDAQ:BBRY) traded down 0.14% during mid-day trading on Friday, hitting $7.27. 894,927 shares of the company’s stock traded hands. BlackBerry has a 1-year low of $5.44 and a 1-year high of $15.09. The stock has a 50-day moving average of $7.51 and a 200-day moving average of $8.03. The company’s market cap is $3.772 billion.

BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.49. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 63.6% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-0.93 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Oppenheimer upgraded shares of BlackBerry from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Friday, April 25th. They now have a $7.75 price target on the stock.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

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