BlackBerry Given Consensus Rating of “Hold” by Analysts (NASDAQ:BBRY)
BlackBerry (NASDAQ:BBRY) has received a consensus recommendation of “Hold” from the thirty-nine analysts that are covering the stock, Analyst Ratings Network reports. Eight equities research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.12.
BlackBerry (NASDAQ:BBRY) opened at 10.24 on Tuesday. BlackBerry has a 52 week low of $5.44 and a 52 week high of $12.18. The stock has a 50-day moving average of $8.10 and a 200-day moving average of $8.46. The company’s market cap is $5.318 billion.
BlackBerry (NASDAQ:BBRY) last released its earnings data on Thursday, June 19th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.74. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $976.25 million. During the same quarter last year, the company posted ($0.13) earnings per share. BlackBerry’s revenue was down 68.5% compared to the same quarter last year. Analysts expect that BlackBerry will post $-0.62 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated an “underperform” rating on shares of BlackBerry in a research note on Wednesday, June 25th. They now have a $7.25 price target on the stock, up previously from $7.07. Separately, analysts at Citigroup Inc. raised their price target on shares of BlackBerry from $6.00 to $10.00 in a research note on Monday, June 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of BlackBerry from an “underweight” rating to an “equal weight” rating in a research note on Monday, June 23rd. They now have a $10.00 price target on the stock, up previously from $6.00.
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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