Brokerage Firm Rating on BlackBerry Limited (BBRY)

BlackBerry Limited (BBRY) : The consensus on BlackBerry Limited (BBRY) based on 16 analyst recommendation on the company stock is 3.13, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on BlackBerry Limited (BBRY).

BlackBerry Limited (BBRY) : The most positive equity analysts on BlackBerry Limited (BBRY) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $7.21 with an expected fluctuation of $0.58 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. BlackBerry Limited (NASDAQ:BBRY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.83 and $7.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.88, notching a gain of 0.64% for the day. The total traded volume was 2,778,219 . The stock had closed at $7.83 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.

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