Price Target Update on BlackBerry Limited (NASDAQ:BBRY)

BlackBerry Limited (NASDAQ:BBRY) : Average target price received by BlackBerry Limited (NASDAQ:BBRY) is $7.7 with an expected standard deviation of $1.2. The most aggressive target on the stock is $11, whereas the most downbeat target is $6. 13 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Imperial Capital maintains its ratings on BlackBerry Limited (NASDAQ:BBRY). In the latest research report, Imperial Capital lowers the target price from $7.5 per share to $7 per share. According to the latest information available, the shares are now rated In-line by the analysts at the agency. Previously, the analysts had a In-line rating on the shares. The rating by the firm was issued on June 16, 2016.

BlackBerry Limited (NASDAQ:BBRY): stock turned positive on Thursday. Though the stock opened at $6.99, the bulls momentum made the stock top out at $7.05 level for the day. The stock recorded a low of $6.78 and closed the trading day at $7, in the green by 3.86%. The total traded volume for the day was 10,006,036. The stock had closed at $6.74 in the previous days trading.

The company shares have dropped -21.90% from its 1 Year high price. On Dec 28, 2015, the shares registered one year high at $9.46 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $6.95 and the 200 Day Moving Average price is recorded at $7.42.

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 Companys four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Companys Devices business is focused on delivering smartphone products. BlackBerrys Enterprise Services business offers enterprise products and services. The Companys 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 Companys Messaging business is engaged in providing BlackBerry Messenger (BBM), the Companys instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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