BlackBerry Ltd (BB) Receives Average Rating of “Hold” from Analysts

Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$14.00.

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

BlackBerry (TSE BB) traded up C$0.04 during mid-day trading on Friday, reaching C$15.16. The company’s stock had a trading volume of 1,935,600 shares, compared to its average volume of 3,006,154. The company has a market capitalization of $8,120.00, a price-to-earnings ratio of 18.27 and a beta of 0.71. BlackBerry has a 52-week low of C$8.98 and a 52-week high of C$18.14.

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

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at

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)

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

Leave a Reply