JP Morgan Maintains BlackBerry Ltd to Neutral with Price Target $8.00

Brokerage firm JP Morgan Maintains its rating on BlackBerry Ltd(NASDAQ:BBRY). In a research note issued to the investors, the brokerage major Raises the price-target to $8.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 29, 2016.

In a different note, On Aug 12, 2016, Raymond James said it Upgrades its rating on BlackBerry Ltd. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 16, 2016, Imperial Capital said it Maintains its rating on BlackBerry Ltd. In the research note, the firm Lowers the price-target to $7.50 per share. The shares have been rated ‘In-line’ by the firm.

BlackBerry Ltd (BBRY) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.02 points. Due to strong positive momentum, the stock ended at $7.61, which is also near the day’s high of $7.66. The stock began the session at $7.59 and the volume stood at 20,32,096 shares. The 52-week high of the shares is $9.464 and the 52 week low is $5.96. The company has a current market capitalization of $3,976 M and it has 52,25,16,640 shares in outstanding.

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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