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.

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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.

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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)

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