BlackBerry (BB) Releases Quarterly Earnings Results
BlackBerry (TSE:BB) posted its quarterly earnings results on Thursday. The company reported ($0.37) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.25) by $0.12, Analyst Ratings.Net reports.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of BlackBerry to an “underperform” rating in a research note on Monday, March 31st. On a related note, analysts at CSFB downgraded shares of BlackBerry from a “neutral” rating to an “underperform” rating in a research note on Monday, March 31st. They now have a C$6.00 price target on the stock, down previously from C$7.00. Finally, analysts at Robert W. Baird raised their price target on shares of BlackBerry from C$7.00 to C$8.00 in a research note on Monday, March 31st. They now have a “neutral” rating on the stock. Twelve investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$7.63.
Shares of BlackBerry (TSE:BB) opened at 9.00 on Thursday. 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 $8.28 and a 200-day moving average of $9.02. The company’s market cap is $4.670 billion.
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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