BlackBerry Receives Consensus Rating of “Hold” from Brokerages (TSE:BB)
Shares of BlackBerry (TSE:BB) have received a consensus recommendation of “Hold” from the thirty-two brokerages that are currently covering the stock, AR Network reports. Ten equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$7.76.
BB has been the subject of a number of recent research reports. Analysts at Societe Generale raised their price target on shares of BlackBerry from C$6.00 to C$8.00 in a research note on Friday. Separately, analysts at Raymond James raised their price target on shares of BlackBerry from C$9.50 to C$10.00 in a research note on Friday. They now have a “market perform” rating on the stock. Finally, analysts at Nomura raised their price target on shares of BlackBerry from C$9.00 to C$10.00 in a research note on Friday. They now have a “neutral” rating on the stock.
BlackBerry (TSE:BB) traded up 3.86% on Friday, hitting $10.22. 3,182,434 shares of the company’s stock traded hands. BlackBerry has a 1-year low of $5.79 and a 1-year high of $12.59. The stock has a 50-day moving average of $8.32 and a 200-day moving average of $9.03. The company’s market cap is $5.303 billion.
BlackBerry (TSE:BB) last posted its quarterly earnings results on Thursday, June 19th. The company reported ($0.37) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.25) by $0.12. During the same quarter in the prior year, the company posted ($0.13) earnings per share. On average, analysts predict that BlackBerry will post $-1.02 earnings per share for the current fiscal year.
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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