BlackBerry (BB) Stock Rating Lowered by Vetr

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.

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

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for BlackBerry (NYSE:BB)

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