BlackBerry (NYSE:BB) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Monday. They currently have a $8.80 target price on the stock. Vetr‘s target price would indicate a potential downside of 31.36% from the stock’s current price.
Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 24th. Macquarie upped their target price on BlackBerry from $14.50 to $15.50 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. CIBC upped their target price on BlackBerry from $13.00 to $15.00 and gave the company a “positive” rating in a research report on Thursday, January 4th. Imperial Capital upped their target price on BlackBerry from $10.00 to $11.00 and gave the company a “line” rating in a research report on Saturday, December 30th. Finally, Royal Bank of Canada restated a “hold” rating on shares of BlackBerry in a research report on Friday, December 22nd. Five 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. BlackBerry presently has an average rating of “Hold” and a consensus price target of $10.88.
Shares of BlackBerry (NYSE BB) traded down $0.05 during mid-day trading on Monday, hitting $12.82. The stock had a trading volume of 3,219,346 shares, compared to its average volume of 5,130,000. The firm has a market capitalization of $6,840.00, a PE ratio of 19.42 and a beta of 1.12. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.33. BlackBerry has a 12 month low of $6.76 and a 12 month high of $14.55.
COPYRIGHT VIOLATION NOTICE: “BlackBerry (BB) Stock Rating Lowered by Vetr” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/03/12/blackberry-bb-stock-rating-lowered-by-vetr.html.
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.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.