Impact of Brokerage Rating on BlackBerry Limited(BBRY)

Many BlackBerry Limited(BBRY) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. BlackBerry Ltd was Reiterated by Imperial Capital on Dec 22, 2016 to In-line, Lowers Price Target to $ 8.25 from a previous price target of $8.50 .

BlackBerry Ltd Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.01. The company had revenue of $301.00 million for the quarter, compared to analysts expectations of $327.52 million. The companys revenue was down -45.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

BlackBerry Limited (NASDAQ:BBRY) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.91 by 11 Brokerage Firm. 2 stock experts have also suggested a buy rating. 8 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

BlackBerry Limited (NASDAQ:BBRY): The mean estimate for the short term price target for BlackBerry Limited (NASDAQ:BBRY) stands at $8.08 according to 10 Analysts. The higher price target estimate for the stock has been calculated at $11 while the lower price target estimate is at $6.

BlackBerry Limited (NASDAQ:BBRY) witnessed a decline in the market cap on Tuesday as its shares dropped 0.54% or 0.04 points. After the session commenced at $7.39, the stock reached the higher end at $7.39 while it hit a low of $7.31. With the volume soaring to 1,454,332 shares, the last trade was called at $7.35. The company has a 52-week high of $8.46. The company has a market cap of $3,896 million and there are 530,000,000 shares in outstanding. The 52-week low of the share price is $6.23.

BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada.

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