BlackBerry Limited (BBRY) : Analyst Rating Update

BlackBerry Limited (BBRY) : The consensus on BlackBerry Limited (BBRY) based on 17 analyst recommendation on the company stock is 3.06, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on BlackBerry Limited (BBRY).

BlackBerry Limited (BBRY) : Average target price received by BlackBerry Limited (BBRY) is $7.5 with an expected standard deviation of $1.19. The most aggressive target on the stock is $11, whereas the most downbeat target is $6. 13 financial analysts are currently covering the stock.

BlackBerry Limited (NASDAQ:BBRY): The stock opened at $6.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.55 for the day. The stock traded down to $6.35 during the day, due to lack of any buying support eventually closed down at $6.52 with a loss of -0.31% for the day. The stock had closed at $6.54 on the previous day. The total traded volume was 3,137,791 shares.

Also, Equity Analysts at the Imperial Capital maintains the rating on BlackBerry Limited (NASDAQ:BBRY). The brokerage firm has issued a In-line rating on the shares. The shares were previously rated In-line. The Analysts at the ratings agency lowers the price target from $7.5 per share to $7 per share. The rating by the firm was issued on June 16, 2016. The company shares have dropped -14.95% from its 1 Year high price. On Dec 28, 2015, the shares registered one year high at $10.55 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $6.95 and the 200 Day Moving Average price is recorded at $7.34.

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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