Zacks Rating on BlackBerry Limited (BBRY)

BlackBerry Limited (BBRY) : Zacks Investment Research ranks BlackBerry Limited (BBRY) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 2 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 3, which indicates as a Hold.

BlackBerry Limited (BBRY) : 12 investment research analysts covering BlackBerry Limited (BBRY) have an average price target of $7.63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $6 for the short term. Analysts expect the variance to be within $1.42 of the average price.


BlackBerry Limited has dropped 2.79% in the last five trading days, however, the shares have posted positive gains of 12.99% in the last 4 weeks. BlackBerry Limited is up 15.27% in the last 3-month period. Year-to-Date the stock performance stands at -13.79%. BlackBerry Limited (NASDAQ:BBRY): On Tuesdays trading session , Opening price of the stock was $7.94 with an intraday high of $8.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.94. However, the stock managed to close at $8, a loss of 0.25% for the day. On the previous day, the stock had closed at $8.02. The total traded volume of the day was 1,928,783 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.