BlackBerry Limited (BB) Given $9.54 Average Price Target by Brokerages

Shares of BlackBerry Limited (NYSE:BB) have earned an average broker rating score of 2.90 (Hold) from the ten brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a strong buy recommendation on the company. BlackBerry Limited’s rating score has declined by 4.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $9.54 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given BlackBerry Limited an industry rank of 190 out of 265 based on the ratings given to related companies.

A number of research firms have issued reports on BB. Imperial Capital reiterated an “in-line” rating and set a $8.25 target price on shares of BlackBerry Limited in a report on Tuesday, July 4th. William Blair reiterated a “market perform” rating on shares of BlackBerry Limited in a report on Tuesday, July 4th. TheStreet lowered shares of BlackBerry Limited from a “b-” rating to a “c+” rating in a report on Monday, July 17th. BidaskClub lowered shares of BlackBerry Limited from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of BlackBerry Limited in a report on Monday, August 7th. They set a “sell” rating and a $8.50 target price on the stock.

BlackBerry Limited (NYSE:BB) last issued its quarterly earnings data on Thursday, September 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The firm had revenue of $238.00 million for the quarter, compared to analyst estimates of $221.21 million. BlackBerry Limited’s quarterly revenue was down 32.4% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: “BlackBerry Limited (BB) Given $9.54 Average Price Target by Brokerages” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/11/01/blackberry-limited-bb-given-9-54-average-price-target-by-brokerages.html.

BlackBerry Limited 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.

Get a free copy of the Zacks research report on BlackBerry Limited (BB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for BlackBerry Limited (NYSE:BB)

What are top analysts saying about BlackBerry Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BlackBerry Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit