BlackBerry Receives Average Recommendation of “Hold” from Analysts (NASDAQ:RIMM)
BlackBerry (NASDAQ:RIMM) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the company, American Banking & Market News reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $9.31.
Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of BlackBerry from $6.00 to $10.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at BGC Financial upgraded shares of BlackBerry to a “buy” rating in a research note on Friday. Finally, analysts at Societe Generale raised their price target on shares of BlackBerry from $6.00 to $8.00 in a research note on Friday. They now have a “sell” rating 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.
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.