Scotiabank reiterated their buy rating on shares of BlackBerry (NYSE:BB) in a research note issued to investors on Thursday morning. The brokerage currently has a $12.50 price objective on the stock.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of BlackBerry from a hold rating to a strong-buy rating and set a $13.00 price target on the stock in a report on Wednesday, October 4th. Vetr lowered shares of BlackBerry from a sell rating to a strong sell rating and set a $10.12 price target on the stock. in a report on Wednesday, October 11th. Canaccord Genuity boosted their price target on shares of BlackBerry from $10.00 to $11.00 and gave the company a hold rating in a report on Tuesday, October 17th. Bank of America boosted their price target on shares of BlackBerry from $7.50 to $8.00 and gave the company an underperform rating in a report on Friday, September 22nd. Finally, Royal Bank of Canada upped their price objective on shares of BlackBerry from $9.50 to $10.50 and gave the company a sector perform rating in a research note on Friday, September 29th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. BlackBerry has a consensus rating of Hold and an average target price of $10.26.

Shares of BlackBerry (BB) opened at $11.60 on Thursday. BlackBerry has a one year low of $6.65 and a one year high of $12.36. The company has a market cap of $6,100.00, a P/E ratio of 12.08 and a beta of 1.09. The company has a current ratio of 4.26, a quick ratio of 5.17 and a debt-to-equity ratio of 0.33.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) EPS 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 business had revenue of $235.00 million for the quarter, compared to analyst estimates of $216.70 million. During the same period in the prior year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was down 21.9% on a year-over-year basis. equities analysts predict that BlackBerry will post -0.04 EPS for the current year.

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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)

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