Analyst Rating Update on BlackBerry Limited (BBRY)

BlackBerry Limited (BBRY) : Zacks Investment Research ranks BlackBerry Limited (BBRY) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 3.13, which indicates as a Hold.

BlackBerry Limited (BBRY) : 12 Wall Street analysts covering BlackBerry Limited (BBRY) believe that the average level the stock could reach for the short term is $7.21. The maximum price target given is $8 and the minimum target for short term is around $6, hence the standard deviation is calculated at $0.58.

For the current week, the company shares have a recommendation consensus of Buy. Also, Imperial Capital maintains its rating on BlackBerry Limited (NASDAQ:BBRY). The global brokerage major lowers the current price target from $7.5 per share to $7 per share. Analysts at the Imperial Capital have a current rating of In-line on the shares. The shares were previously rated In-line. The rating by the firm was issued on June 16, 2016.


BlackBerry Limited (NASDAQ:BBRY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.67 and $7.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.78, notching a gain of 0.91% for the day. The total traded volume was 6,087,837 . The stock had closed at $7.71 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.