The BlackBerry Ltd (BBRY) Upgraded at Vetr Inc.

The BlackBerry Ltd (BBRY) Upgraded at Vetr Inc.

A number of other research firms have also recently commented on BBRY. Raymond James Financial, Inc. cut shares of BlackBerry from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $9.50 to $11.00 in a report on Monday, May 29th. Canaccord Genuity set a $10.00 price target on shares of BlackBerry and gave the stock a “hold” rating in a report on Wednesday, April 12th. William Blair restated a “market perform” rating on shares of BlackBerry in a report on Wednesday, April 19th. BMO Capital Markets upped their price target on shares of BlackBerry from $8.00 to $9.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Finally, Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. BlackBerry presently has a consensus rating of “Hold” and a consensus target price of $8.93.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $12.74 target price on the smartphone producer’s stock. Vetr‘s price objective indicates a potential upside of 12.84% from the company’s current price.

Shares of BlackBerry (NASDAQ:BBRY) opened at 11.29 on Monday. BlackBerry has a 52 week low of $6.23 and a 52 week high of $11.74. The company’s market cap is $5.99 billion. The stock’s 50 day moving average is $9.85 and its 200-day moving average is $7.94.

BlackBerry (NASDAQ:BBRY) last posted its quarterly earnings results on Friday, March 31st. The smartphone producer reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.08. The firm had revenue of $297 million for the quarter, compared to analysts’ expectations of $288.45 million. BlackBerry had a negative net margin of 93.19% and a negative return on equity of 3.62%. The business’s revenue for the quarter was down 39.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, equities analysts anticipate that BlackBerry will post $0.02 earnings per share for the current year. Several institutional investors have recently made changes to their positions in the stock. Guardian Capital LP bought a new position in shares of BlackBerry during the fourth quarter valued at approximately $100,000. Beck Mack & Oliver LLC bought a new position in shares of BlackBerry during the first quarter valued at approximately $105,000. Capital Investment Counsel Inc bought a new position in shares of BlackBerry during the first quarter valued at approximately $126,000. Nine Chapters Capital Management LLC bought a new position in shares of BlackBerry during the first quarter valued at approximately $137,000. Finally, FNY Partners Fund LP bought a new position in shares of BlackBerry during the first quarter valued at approximately $147,000. 62.41% of the stock is owned by hedge funds and other institutional investors.

BlackBerry 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BBRY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for BlackBerry Ltd Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackBerry Ltd and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment