BlackBerry (NASDAQ:BBRY) was upgraded by equities research analysts at Imperial Capital to an “in-line” rating in a research note issued to investors on Tuesday. The firm currently has a $10.00 target price on the stock. Imperial Capital’s price target points to a potential upside of 13.73% from the stock’s previous close.
BlackBerry (NASDAQ:BBRY) traded up 1.70% on Tuesday, hitting $8.95. The stock had a trading volume of 11,975,085 shares. BlackBerry has a one year low of $7.01 and a one year high of $12.63. The stock has a 50-day moving average of $10. and a 200-day moving average of $10.. The company’s
market cap is $4.67 billion. BlackBerry also saw unusually large options trading activity on Monday. Investors purchased 41,599 call options on the company. This represents an increase of 177% compared to the average volume of 15,021 call options.
BlackBerry (NASDAQ:BBRY) last announced its earnings results on Friday, March 27th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.07. The company had revenue of $660.00 million for the quarter, compared to the consensus estimate of $802.29 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was down 32.4% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-0.11 earnings per share for the current fiscal year.
BBRY has been the subject of a number of other recent research reports. Analysts at Vetr upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $10.98 price target on the stock in a research note on Monday. Analysts at Credit Suisse Group AG set a $6.00 price target on shares of BlackBerry and gave the company a “sell” rating in a research note on Monday. Analysts at Canaccord Genuity set a $10.00 price target on shares of BlackBerry and gave the company a “hold” rating in a research note on Monday. Finally, analysts at Morgan Stanley set a $7.00 price target on shares of BlackBerry and gave the company an “underweight” rating in a research note on Monday. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.87.
BlackBerry Limited is a provider of wireless solution, comprised of smartphones, service and software. The Company is engaged in the development of integrated hardware, software and services that support multiple wireless network standards. The Company’s portfolio includes the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, software development tools and other software and hardware.
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