BlackBerry Ltd (BB) Receives C$14.00 Average PT from Analysts

Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$14.00.

BB has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on BlackBerry to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, December 21st. TD Securities upped their price objective on BlackBerry to C$18.00 and gave the stock a “buy” rating in a report on Thursday, December 21st.

BlackBerry (TSE:BB) traded down C$0.02 during midday trading on Friday, reaching C$15.10. The company had a trading volume of 1,435,011 shares, compared to its average volume of 3,021,312. BlackBerry has a one year low of C$8.98 and a one year high of C$18.14. The stock has a market cap of $7,980.00, a PE ratio of 18.24 and a beta of 0.71.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings results on Wednesday, December 20th. The company reported C$0.01 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.05) by C$0.06. BlackBerry had a negative return on equity of 41.98% and a negative net margin of 121.68%. The company had revenue of C$283.51 million for the quarter, compared to analysts’ expectations of C$268.70 million.

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About BlackBerry

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.

Analyst Recommendations for BlackBerry (TSE:BB)

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