BlackBerry Ltd (BB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BlackBerry Ltd (NYSE:BB) have received a consensus rating of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.11.

BB has been the subject of several recent analyst reports. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, January 24th. Macquarie upped their price target on BlackBerry from $14.50 to $15.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. CIBC upped their price target on BlackBerry from $13.00 to $15.00 and gave the stock a “positive” rating in a research note on Thursday, January 4th. Canaccord Genuity upped their price target on BlackBerry from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Finally, Imperial Capital upped their price target on BlackBerry from $10.00 to $11.00 and gave the stock a “line” rating in a research note on Saturday, December 30th.

Shares of BlackBerry (BB) opened at $11.77 on Wednesday. The stock has a market capitalization of $6,350.00, a PE ratio of 17.83 and a beta of 1.13. BlackBerry has a 52 week low of $6.65 and a 52 week high of $14.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.26 and a current ratio of 4.26.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.49). The company had revenue of $235.00 million for the quarter, compared to the consensus estimate of $216.70 million. BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. The business’s revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. research analysts expect that BlackBerry will post -0.01 earnings per share for the current year.

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BlackBerry Company Profile

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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