Zacks: BlackBerry Limited (BB) Given Consensus Recommendation of “Hold” by Brokerages
Shares of BlackBerry Limited (NYSE:BB) have received a consensus broker rating score of 2.90 (Hold) from the ten brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a strong buy rating to 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 anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned BlackBerry Limited an industry rank of 206 out of 265 based on the ratings given to related companies.
Several analysts have weighed in on the company. Vetr cut BlackBerry Limited from a “strong-buy” rating to a “buy” rating and set a $10.20 price objective for the company. in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of BlackBerry Limited in a research report on Sunday, August 13th. BMO Capital Markets restated a “hold” rating and set a $10.00 target price on shares of BlackBerry Limited in a research report on Friday, September 29th. Canaccord Genuity restated a “hold” rating and set a $10.00 target price on shares of BlackBerry Limited in a research report on Monday, October 2nd. Finally, TD Securities restated a “buy” rating and set a $11.50 target price on shares of BlackBerry Limited in a research report on Tuesday, September 26th.
Shares of BlackBerry Limited (NYSE:BB) opened at $10.95 on Friday. The firm has a market capitalization of $5,808.00, a PE ratio of 547.50 and a beta of 1.04. BlackBerry Limited has a twelve month low of $6.65 and a twelve month high of $11.78. 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 (NYSE:BB) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $221.21 million. BlackBerry Limited had a return on equity of 2.70% and a net margin of 49.62%. BlackBerry Limited’s quarterly revenue was down 32.4% compared to the same quarter last year. equities analysts anticipate that BlackBerry Limited will post -0.04 earnings per share for the current fiscal year.
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About BlackBerry Limited
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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