BlackBerry Given Consensus Rating of “Hold” by Analysts (NASDAQ:BBRY)
Shares of BlackBerry (NASDAQ:BBRY) have earned an average rating of “Hold” from the thirty-six analysts that are covering the company, Stock Ratings News reports. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.90.
Shares of BlackBerry (NASDAQ:BBRY) opened at 9.59 on Wednesday. BlackBerry has a 1-year low of $5.44 and a 1-year high of $11.65. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $8.92. The company’s market cap is $4.980 billion.
BlackBerry (NASDAQ:BBRY) last released its earnings data on Thursday, June 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was down 68.5% on a year-over-year basis. Analysts expect that BlackBerry will post $-0.61 EPS for the current fiscal year.
A number of research firms have recently commented on BBRY. Analysts at Wells Fargo & Co. reiterated a “” rating on shares of BlackBerry in a research note on Thursday, July 31st. Separately, 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. Finally, 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.
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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