BlackBerry Ltd (BBRY) is Reiterated by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 7

BlackBerry Ltd (BBRY) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 7 from a previous price target of $8 . RBC Capital Mkts advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on BlackBerry Ltd. Shares were Reiterated by Imperial Capital on Jun 16, 2016 to “In-line” and Lowered the Price Target to $ 7 from a previous price target of $7.50 .BlackBerry Ltd was Initiated by Macquarie to “Underperform” on May 18, 2016. Shares were Reiterated by Imperial Capital on Apr 19, 2016 to “In-line” and Lowered the Price Target to $ 7.50 from a previous price target of $9 .

On the company’s financial health, BlackBerry Ltd reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Dec 18, 2015. Analyst had a consensus of $-0.15. The company had revenue of $548.00 million for the quarter, compared to analysts expectations of $487.98 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

BlackBerry Ltd closed down -0.01 points or -0.14% at $7.05 with 38,59,036 shares getting traded on Tuesday. Post opening the session at $7.08, the shares hit an intraday low of $7.03 and an intraday high of $7.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution consisting of smartphones service and software. The Company’s four areas of business are Devices business Enterprise Services BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s BTS business consists of five units: QNX Software Systems Limited (QNX) Certicom Paratek the BlackBerry Internet of Things (IoT) Platform and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM) the Company’s instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

BlackBerry Ltd

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