BlackBerry Receives Rating from Wells Fargo & Co. (BBRY)
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Thursday, July 17th. They now have a $10.00 price target on the stock. Separately, analysts at TheStreet reiterated a “positive” rating on shares of BlackBerry in a research note on Wednesday, July 16th. They now have a $11.31 price target on the stock. Finally, 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. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. BlackBerry currently has an average rating of “Hold” and a consensus price target of $8.90.
BlackBerry (NASDAQ:BBRY) opened at 9.71 on Thursday. 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 $9.9 and a 200-day moving average of $8.91. The company’s market cap is $5.043 billion.
BlackBerry (NASDAQ:BBRY) last released its earnings data on Thursday, June 19th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ 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 $-0.61 EPS 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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