BlackBerry (BB) Upgraded to Hold by Vetr

Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. 2 are the (TSE:BB)'s analyst reports since December 21, 2017 according to StockzIntelligence Inc.

A number of research firms have recently weighed in on BB. BMO Capital Markets reiterated a "hold" rating and set a $12.00 target price on shares of BlackBerry in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of BlackBerry from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research report on Thursday, January 4th. Royal Bank of Canada now has a C$10.00 target price on the stock. Royal Bank of Canada raised their price target on BlackBerry from $10.50 to $11.00 and gave the stock a "sector perform" rating in a report on Thursday, December 21st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock now has a consensus rating of "Hold" and a consensus price target of $10.80.

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NYSE:BB opened at $10.51 on Monday. The company has a market capitalization of $5,635.71, a price-to-earnings ratio of 150.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.48 and a current ratio of 5.49. BlackBerry has a 52-week low of $8.47 and a 52-week high of $14.55.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Wednesday, March 28th. The company reported $0.03 EPS for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.06. The firm had revenue of $239.00 million during the quarter, compared to analysts' expectations of $217.88 million. BlackBerry had a return on equity of 3.70% and a net margin of 43.46%. Imperial Capital analyst M. Kim forecasts that the company will post earnings of ($0.02) per share for the quarter. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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