BlackBerry (BB) Upgraded to “C-” at TheStreet
A number of other equities analysts also recently commented on BB. Canaccord Genuity reiterated a hold rating on shares of BlackBerry in a research report on Friday, November 16th. Raymond James reiterated a market perform rating and set a $10.00 price objective on shares of BlackBerry in a research report on Friday, December 21st. CIBC downgraded BlackBerry to a buy bb rating in a research report on Monday, December 24th. Royal Bank of Canada reduced their price objective on BlackBerry from $11.00 to $10.00 and set a sector perform rating on the stock in a research report on Friday, December 21st. Finally, Zacks Investment Research downgraded BlackBerry from a strong-buy rating to a hold rating in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. BlackBerry presently has a consensus rating of Hold and a consensus price target of $10.19.
Shares of NYSE:BB opened at $9.42 on Wednesday. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.16 billion, a PE ratio of 188.40 and a beta of 2.06. BlackBerry has a 1 year low of $6.57 and a 1 year high of $13.38.
A number of large investors have recently bought and sold shares of the business. First Allied Advisory Services Inc. raised its position in BlackBerry by 6.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 20,215 shares of the company’s stock valued at $144,000 after purchasing an additional 1,150 shares during the period. State of Tennessee Treasury Department raised its position in BlackBerry by 0.4% in the fourth quarter. State of Tennessee Treasury Department now owns 381,265 shares of the company’s stock valued at $2,712,000 after purchasing an additional 1,378 shares during the period. Korea Investment CORP raised its position in BlackBerry by 4.1% in the fourth quarter. Korea Investment CORP now owns 35,858 shares of the company’s stock valued at $255,000 after purchasing an additional 1,407 shares during the period. Sound Income Strategies LLC purchased a new stake in BlackBerry in the fourth quarter valued at $28,000. Finally, Amundi Pioneer Asset Management Inc. raised its position in BlackBerry by 2.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 137,668 shares of the company’s stock valued at $978,000 after purchasing an additional 3,525 shares during the period. Institutional investors own 51.89% of the company’s stock.
BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.
See Also: Buyback
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