BlackBerry Ltd (NYSE:BB) has been given an average rating of “Hold” by the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.02.
A number of analysts have issued reports on BB shares. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, November 20th. Scotiabank reiterated a “buy” rating and issued a $12.50 target price on shares of BlackBerry in a research note on Thursday, December 21st. TD Securities lifted their target price on shares of BlackBerry from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of BlackBerry in a research note on Thursday, December 21st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $11.00 target price on shares of BlackBerry in a research note on Thursday, December 21st.
BlackBerry (BB) traded up $0.14 during midday trading on Friday, reaching $12.75. 2,521,765 shares of the company’s stock were exchanged, compared to its average volume of 6,592,075. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26. The firm has a market capitalization of $6,850.00, a PE ratio of 19.32 and a beta of 1.12. BlackBerry has a 1 year low of $6.83 and a 1 year high of $14.55.
BlackBerry (NYSE:BB) last posted its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). The business 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%. BlackBerry’s revenue was down 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. analysts expect that BlackBerry will post -0.01 EPS for the current fiscal year.
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.
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