BlackBerry (NYSE:BB) was upgraded by investment analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Monday. The brokerage currently has a $10.20 price target on the stock. Vetr‘s price objective would indicate a potential upside of 0.10% from the stock’s current price.
Several other research firms have also issued reports on BB. Royal Bank of Canada restated a “hold” rating on shares of BlackBerry in a research report on Friday, December 22nd. Canaccord Genuity restated a “hold” rating and set a $11.00 price target on shares of BlackBerry in a research report on Thursday, December 21st. Macquarie raised their price target on BlackBerry from $14.50 to $15.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. MKM Partners raised their price target on BlackBerry and gave the stock a “neutral” rating in a research report on Thursday, March 29th. Finally, BMO Capital Markets restated a “hold” rating and set a $12.00 price target on shares of BlackBerry in a research report on Thursday, December 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.78.
BB opened at $10.19 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.48 and a current ratio of 5.49. BlackBerry has a 1 year low of $7.51 and a 1 year high of $14.55. The company has a market cap of $5,469.32, a P/E ratio of 203.80 and a beta of 1.11.
BlackBerry (NYSE:BB) last posted its quarterly earnings results on Wednesday, March 28th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. BlackBerry had a return on equity of 3.70% and a net margin of 43.46%. The business had revenue of $239.00 million for the quarter, compared to analyst estimates of $217.88 million. The firm’s revenue was down 16.4% on a year-over-year basis. research analysts forecast that BlackBerry will post -0.06 earnings per share for the current fiscal year.
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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.
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