BlackBerry (BB) Upgraded at Vetr

BlackBerry (NYSE:BB) was upgraded by investment analysts at Vetr from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday. The firm currently has a $10.52 price target on the stock. Vetr‘s price target indicates a potential upside of 0.19% from the company’s current price.

A number of other brokerages have also commented on BB. Royal Bank of Canada reissued a “hold” rating on shares of BlackBerry in a report on Friday, December 22nd. Canaccord Genuity reissued a “hold” rating and set a $11.00 price target on shares of BlackBerry in a report on Thursday, December 21st. Macquarie raised their price target on BlackBerry from $14.50 to $15.50 and gave the company an “outperform” rating in a report on Tuesday, January 16th. MKM Partners lifted their target price on BlackBerry and gave the stock a “neutral” rating in a report on Thursday, March 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $12.00 target price on shares of BlackBerry in a report on Thursday, December 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.80.

How to Become a New Pot Stock Millionaire

Shares of BB opened at $10.50 on Monday. The firm has a market cap of $5,657.18, a PE ratio of 210.00 and a beta of 1.11. The company has a current ratio of 5.49, a quick ratio of 5.48 and a debt-to-equity ratio of 0.31. BlackBerry has a one year low of $8.47 and a one year high of $14.55.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, March 28th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $217.88 million. BlackBerry had a return on equity of 3.70% and a net margin of 43.46%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. sell-side analysts anticipate that BlackBerry will post -0.06 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2018/04/16/blackberry-bb-upgraded-at-vetr.html.

About BlackBerry

BlackBerry Limited operates as security software and services company in securing, connecting, and mobilizing enterprises worldwide. The company operates in three segments: Software & Services, Mobility Solutions, and Service Access Fees (SAF). The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for BlackBerry (NYSE: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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply