BlackBerry (NYSE:BB) had its target price raised by Macquarie from $14.50 to $15.50 in a report published on Tuesday morning. Macquarie currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on BB. Canaccord Genuity restated a hold rating and set a $11.00 price target on shares of BlackBerry in a report on Thursday, December 21st. Royal Bank of Canada reaffirmed a hold rating on shares of BlackBerry in a research report on Friday, December 22nd. BMO Capital Markets reaffirmed a hold rating and set a $12.00 price objective on shares of BlackBerry in a research report on Thursday, December 21st. TD Securities increased their price objective on BlackBerry from $12.00 to $14.00 and gave the company a buy rating in a research report on Thursday, December 21st. Finally, Imperial Capital increased their price objective on BlackBerry from $10.00 to $11.00 and gave the company a line rating in a research report on Saturday, December 30th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $10.84.

Shares of BlackBerry (BB) traded down $0.42 during trading hours on Tuesday, hitting $13.25. The stock had a trading volume of 7,371,500 shares, compared to its average volume of 12,058,250. BlackBerry has a 1 year low of $6.65 and a 1 year high of $14.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26. The company has a market capitalization of $7,090.00, a P/E ratio of 20.08 and a beta of 1.09.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.49). BlackBerry had a net margin of 37.36% and a return on equity of 3.70%. The company had revenue of $235.00 million for the quarter, compared to the consensus estimate of $216.70 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. BlackBerry’s revenue was down 21.9% compared to the same quarter last year. analysts expect that BlackBerry will post -0.02 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “BlackBerry (BB) Price Target Raised to $15.50 at Macquarie” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/blackberry-bb-price-target-raised-to-15-50-at-macquarie/1813800.html.

About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

Analyst Recommendations for BlackBerry (NYSE:BB)

Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.