BlackBerry Limited (BBRY) Receives ‘Analyst’ Rating

BlackBerry Limited (BBRY) : 15 analysts are covering BlackBerry Limited (BBRY) and their average rating on the stock is 2.93, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. BlackBerry Limited (BBRY) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

BlackBerry Limited (BBRY) : 13 Wall Street analysts covering BlackBerry Limited (BBRY) believe that the average level the stock could reach for the short term is $7.65. The maximum price target given is $11 and the minimum target for short term is around $6, hence the standard deviation is calculated at $1.36.


Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on BlackBerry Limited (NASDAQ:BBRY). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $7 per share to $8 per share. The rating by the firm was issued on August 29, 2016.

BlackBerry Limited (NASDAQ:BBRY): After opening at $7.2, the stock dipped to an intraday low of $7.15 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.28 and the buying power remained strong till the end. The stock closed at $7.24 for the day, a gain of 0.28% for the day session. The total traded volume was 2,714,061. The stocks close on the previous trading day was $7.22.

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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