What Do Analysts Say About BlackBerry Limited (BBRY)

Blackberry eanings reported vs estimates

What Do Analysts Say About BlackBerry Limited (BBRY)

BBRY has been the topic of several analyst reports. The stock of Altria Group Inc (NYSE:MO) earned "Buy" rating by Wells Fargo on Monday, July 31.

TD Securities has a Buy rating with an $11.50 price target.

Market capitalization is the total market value of all of a company's outstanding shares. On Tuesday, July 28 the stock rating was upgraded by Morgan Stanley to "Equal Weight".

In a note revealed this morning, RBC Capital reiterated their "Hold" rating on BlackBerry (NASDAQ:BBRY) shares.

Among 22 analysts covering Blackberry (NASDAQ:BBRY), 2 have Buy rating, 4 Sell and 16 Hold.

Some buy side analysts are also providing their Analysis on BlackBerry Limited, where 0 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 10 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell.

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Blackberry Limited (NASDAQ:BBRY)'s revenue estimates for the current quarter are $221.18 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $231.87 Million in contradiction of low revenue estimates of $207.3 Million. The company has market cap of $4.86 billion. Blackberry has $40 highest and $6 lowest target. BBRY's latest closing price was 5.63% away from the average-price of 200 days while it maintained a distance of -1.58% from the 50 Day Moving Average and -0.58% away compared to its SMA 20.

More notable recent BlackBerry Ltd (NASDAQ:BBRY) news were published by: Investorplace.com which released: "BlackBerry Ltd (BBRY) Is Working on Licensing Its Own Version Of Android" on August 30, 2017, also Investorplace.com with their article: "Should You Buy BlackBerry Ltd (BBRY) Stock?"

While it's Return on Investment (ROI) value is -44.5%. The company reported revenue of $383.68 Million in the same period previous year. JP Morgan has "Neutral" rating and $8 target. If you are reading this news story on another website, it was stolen and republished in violation of US and global trademark and copyright legislation.

BlackBerry Limited (BBRY) has an annual dividend of $0, while its annual dividend yield is 0%. BlackBerry Limited (NASDAQ:BBRY) has a 20-Day average volume of 4.72 Million.

The stock was trading near multiyear highs right around the last earnings report. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued. Institutional investors and hedge funds own 63.32% of the company's stock. Cetera Investment Advisers bought a new stake in shares of BlackBerry Limited in the 2nd quarter valued at about $279,000. Fiera Capital Corp grew its position in shares of BlackBerry Limited by 1.3% in the 2nd quarter. Pacific Heights Asset Management Llc sold 3,000 shares as the company's stock rose 10.88% with the market. Finally, Creative Planning grew its position in shares of BlackBerry Limited by 18.6% in the 2nd quarter. Scotia Capital Inc. now owns 198,145 shares of the company's stock valued at $1,978,000 after buying an additional 11,227 shares during the last quarter. Comerica Bank grew its stake in BlackBerry Limited by 1.3% during the 1st quarter. On average, equities analysts anticipate that BlackBerry Limited will post $0.04 earnings per share for the current year. However, the institutional investors are observed to own 56.60% of the total shares.

BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. The Company is engaged in the sale of smartphones and enterprise software and services.

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