BlackBerry (BB) Raised to Hold at Vetr

Vetr upgraded shares of BlackBerry (NYSE:BB) from a strong sell rating to a hold rating in a research report released on Tuesday morning. They currently have $10.20 target price on the stock.

Several other brokerages also recently weighed in on BB. Macquarie boosted their price target on BlackBerry from $14.50 to $15.50 and gave the company an outperform rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded BlackBerry from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Thursday, January 4th. CIBC boosted their price target on BlackBerry from $13.00 to $15.00 and gave the company a positive rating in a report on Thursday, January 4th. TD Securities boosted their price target on BlackBerry from $12.00 to $14.00 and gave the company a buy rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada boosted their price target on BlackBerry from $10.50 to $11.00 and gave the company a sector perform rating in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. BlackBerry currently has an average rating of Hold and an average price target of $10.78.

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Shares of BlackBerry stock opened at $10.19 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.49 and a quick ratio of 5.48. BlackBerry has a 1 year low of $7.51 and a 1 year high of $14.55. The company has a market cap of $5,619.60, a P/E ratio of 149.57 and a beta of 1.11.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, March 28th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The company had revenue of $239.00 million during the quarter, compared to the consensus estimate of $217.88 million. BlackBerry had a return on equity of 3.70% and a net margin of 43.46%. BlackBerry’s revenue for the quarter was down 16.4% compared to the same quarter last year. analysts forecast that BlackBerry will post -0.06 EPS for the current fiscal year.

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BlackBerry Company Profile

BlackBerry Limited operates as security software and services company in securing, connecting, and mobilizing enterprises worldwide. The company operates in three segments: Software & Services, Mobility Solutions, and Service Access Fees (SAF). The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.

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

Analyst Recommendations for BlackBerry (NYSE:BB)

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