Shares of BlackBerry Limited (NYSE:BB) have been assigned an average rating of “Hold” from the twenty-two analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.55.
A number of brokerages have recently issued reports on BB. Canaccord Genuity upped their target price on shares of BlackBerry Limited from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Vetr lowered shares of BlackBerry Limited from a “sell” rating to a “strong sell” rating and set a $10.12 target price on the stock. in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of BlackBerry Limited from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. TD Securities upped their target price on shares of BlackBerry Limited from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $10.00 target price on shares of BlackBerry Limited in a research report on Friday, September 29th.
BlackBerry Limited (NYSE BB) opened at $10.95 on Monday. The company has a market cap of $5,808.00, a PE ratio of 547.50 and a beta of 1.04. BlackBerry Limited has a 12-month low of $6.65 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.19 and a quick ratio of 5.17.
BlackBerry Limited (NYSE:BB) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $238.00 million for 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 firm’s revenue for the quarter was down 32.4% on a year-over-year basis. equities research analysts predict that BlackBerry Limited will post -0.04 EPS for the current year.
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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