Zacks Investment Research lowered shares of BlackBerry Limited (NYSE:BB) from a buy rating to a hold rating in a report published on Monday.

According to Zacks, “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. “

BB has been the subject of a number of other reports. Vetr cut shares of BlackBerry Limited from a strong-buy rating to a buy rating and set a $10.20 price objective for the company. in a research report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reiterated a sell rating on shares of BlackBerry Limited in a research report on Sunday, August 13th. BMO Capital Markets reissued a hold rating and issued a $10.00 price objective on shares of BlackBerry Limited in a report on Friday, September 29th. Canaccord Genuity reissued a hold rating and issued a $10.00 price objective on shares of BlackBerry Limited in a report on Monday, October 2nd. Finally, TD Securities reissued a buy rating and issued a $11.50 price objective on shares of BlackBerry Limited in a report on Tuesday, September 26th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $9.70.

BlackBerry Limited (BB) opened at $10.33 on Monday. BlackBerry Limited has a 52 week low of $6.65 and a 52 week 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. The company has a market cap of $5,516.27, a PE ratio of 520.00 and a beta of 1.04.

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, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $238.00 million during the quarter, compared to analyst estimates of $221.21 million. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The business’s revenue was down 32.4% compared to the same quarter last year. analysts predict that BlackBerry Limited will post -0.04 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “BlackBerry Limited (BB) Cut to “Hold” at Zacks Investment Research” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at

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.

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

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

Analyst Recommendations for BlackBerry Limited (NYSE:BB)

Receive News & Stock Ratings for BlackBerry Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Limited and related stocks with our FREE daily email newsletter.