BlackBerry Ltd (BB) Given Average Recommendation of “Hold” by Analysts

Shares of BlackBerry Ltd (NYSE:BB) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.83.

A number of research analysts have issued reports on BB shares. Vetr lowered shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 target price for the company. in a research note on Tuesday, September 26th. BMO Capital Markets reissued a “hold” rating and set a $10.00 target price on shares of BlackBerry in a research note on Friday, September 29th. Zacks Investment Research lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Canaccord Genuity reissued a “hold” rating and set a $10.00 target price on shares of BlackBerry in a research note on Monday, October 2nd. Finally, Royal Bank of Canada boosted their target price on shares of BlackBerry from $10.50 to $11.00 and gave the company a “sector perform” rating in a research note on Thursday, December 21st.

BlackBerry (BB) opened at $13.31 on Friday. BlackBerry has a fifty-two week low of $6.65 and a fifty-two week high of $14.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26. The company has a market cap of $7,160.00, a PE ratio of 20.17 and a beta of 1.09.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Wednesday, December 20th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.49). BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. The business had revenue of $235.00 million during the quarter, compared to analyst estimates of $216.70 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was down 21.9% on a year-over-year basis. analysts anticipate that BlackBerry will post -0.02 earnings per share for the current fiscal year.

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About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

Analyst Recommendations for BlackBerry (NYSE:BB)

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