BlackBerry (NASDAQ:BBRY) Rating Reaffirmed
BlackBerry (NASDAQ:BBRY) just had their share rating of a ‘”Sector Perform”‘ issued by research analysts at RBC Capital Mkts, who now has a $9.0 target PPS on the $4.53 billion market cap company or a 4.53% upside potential. This key information was unveiled in analysts report on 21 December.
From a total of 21 analysts covering Blackberry (NASDAQ:BBRY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $11 while the lowest target price is $6. The mean of all analyst targets is $7.49 with a -14.87% below today’s ($8.61) stock price. Blackberry was the topic of 18 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on December 18 with “Neutral” rating. UBS maintained shares with “Neutral” rating and $7.50 target share price in a report from a September 28. Sterne Agee CRT initiated BBRY stock in a recent report from September 29 with “Neutral” rating. Canaccord Genuity maintained the rating on September 21. Canaccord Genuity has a “Hold” rating and a $8 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a September 28.
The stock increased 10.38% or $0.81 during the last trading session, striking $8.61. Approximately 990 shares of stock traded hands. BlackBerry Ltd (NASDAQ:BBRY) has declined 15.84% since May 18, 2015 and is downtrending. It has underperformed by 10.03% the S&P500.
BlackBerry Limited is a well-known provider of mobile communications and services. The company has a market cap of $4.53 billion. The Firm is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. It currently has negative earnings. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging.
According to Zacks Investment Research, “BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada.”