BlackBerry (NYSE:BB)‘s stock had its “hold” rating restated by equities researchers at Royal Bank of Canada in a note issued to investors on Friday.
A number of other analysts have also recently issued reports on BB. Imperial Capital lifted their price objective on BlackBerry from $10.00 to $11.00 and gave the company a “line” rating in a research report on Friday. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday. Scotiabank restated a “buy” rating and set a $12.50 target price on shares of BlackBerry in a report on Thursday. TD Securities raised their target price on BlackBerry from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets restated a “hold” rating and set a $12.00 target price on shares of BlackBerry in a report on Thursday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.14.
Shares of BlackBerry (NYSE:BB) traded down $0.37 during mid-day trading on Friday, hitting $11.80. The stock had a trading volume of 13,246,300 shares, compared to its average volume of 6,222,540. BlackBerry has a one year low of $6.65 and a one year high of $12.36. The firm has a market cap of $6,450.10, a PE ratio of 405.67 and a beta of 1.09. The company has a current ratio of 5.19, a quick ratio of 5.17 and a debt-to-equity ratio of 0.27.
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.
Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.