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

BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$14.00.

A number of equities research analysts have issued reports on the stock. TD Securities increased their price objective on shares of BlackBerry to C$18.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Royal Bank of Canada increased their price objective on shares of BlackBerry to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 21st. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$10.00 price target on shares of BlackBerry in a research note on Friday, September 29th.

Shares of BlackBerry (BB) traded up C$0.12 during trading on Tuesday, reaching C$16.63. 2,670,000 shares of the company’s stock were exchanged, compared to its average volume of 2,770,000. The firm has a market capitalization of $8,920.00, a P/E ratio of 20.28 and a beta of 0.69. BlackBerry has a 12-month low of C$8.98 and a 12-month high of C$18.14.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings data on Wednesday, December 20th. The company reported C$0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.06. BlackBerry had a net margin of 7.98% and a return on equity of 2.77%.

In other news, Director John Chen sold 1,799,712 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of C$10.35, for a total value of C$18,627,019.20.

TRADEMARK VIOLATION WARNING: “BlackBerry Ltd (BB) Receives Consensus Rating of “Hold” from Analysts” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/13/blackberry-ltd-bb-receives-consensus-rating-of-hold-from-analysts.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.

Analyst Recommendations for BlackBerry (TSE:BB)

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.

Leave a Reply