Imperial Capital Maintains BlackBerry Ltd to In-line with Price Target $7.00

Brokerage firm Imperial Capital Maintains its rating on BlackBerry Ltd(NASDAQ:BBRY). In a research note issued to the investors, the brokerage major Lowers the price-target to $7.00 per share. The shares have been rated In-line. Previously, the analysts had a In-line rating on the shares. The rating by Imperial Capital was issued on Jun 16, 2016.

In a different note, Macquarie said it Initiates Coverage on BlackBerry Ltd, according to a research note issued on May 18, 2016. The shares have been rated ‘Underperform’ by the firm. On Apr 19, 2016, Imperial Capital said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘In-line’ by the firm. On Apr 18, 2016, Imperial Capital said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘In-line’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Sell’ by the firm. On Apr 4, 2016, JP Morgan said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 4, 2016, Deutsche Bank said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Lowers the price-target to $7.00 per share. The shares have been rated ‘Hold’ by the firm.

BlackBerry Ltd (BBRY) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.14% at a volume of 38,59,036. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.13. The peak price level was also seen at $7.13 while the days lowest was $7.03. Finally the shares closed at $7.05. The 52-week high of the shares is $9.464 while the 52-week low is $5.96. According to the latest information available, the market cap of the company is $3,684 M.

BlackBerry Ltd(BBRY) last announced its earnings results on Apr 1, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $487.00M. Analysts had an estimated revenue of $563.18M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.09.

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 Company’s four areas of business are Devices business Enterprise Services BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s 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 Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM) the Company’s 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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