20 June, 2017
The stock recovered 8.09% since its low point and has performed -15.82% year-to-date. This represents an increase of 715% compared to the typical daily volume of 1,894 put options.
Brokerage houses, on average, are recommending investors to hold BlackBerry Limited (BBRY)'s shares projecting a $9.02 target price.
Other equities research analysts have also issued reports about the company. Using this scale, a 1 would indicate a Strong Buy, and a 5 rating would represent a Strong Sell rating. Raymond James upgraded it to "Outperform" rating and $10.50 target in Friday, August 12 report. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. A rating of 3 would signify a consensus Hold recommendation.
A number of hedge funds have recently made changes to their positions in the stock. Taking a look back at some historical performance numbers for BlackBerry Limited (BBRY), we can see that the stock moved -4.53% for the last five trades. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BlackBerry Limited by 13.5% in the third quarter. Can now owns 608,635 shares of the smartphone producer's stock valued at $4,843,000 after buying an additional 1,938 shares during the last quarter. ING Groep NV purchased a new stake in BlackBerry Limited during the fourth quarter worth approximately $580,000. Brown Advisory Inc. bought a new stake in shares of BlackBerry Limited during the fourth quarter valued at about $357,000. Shell Asset Management Co.'s holdings in BlackBerry Limited were worth $521,000 at the end of the most recent quarter. The Zacks Research consensus estimate prior to earnings was $N/A.
TRADEMARK VIOLATION NOTICE: "BlackBerry Limited (BBRY) Downgraded to "Buy" at Vetr Inc." was originally published by Sports Perspectives and is owned by of Sports Perspectives. The stock's 50-day moving average price is $10.34 and its 200-day moving average price is $8.18.
The company reported an impressive total revenue of 1.31 Billion in the last fiscal year.
BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last posted its earnings results on Friday, March 31st.
The number of shares now held by investors is 530.5 Million. BlackBerry Limited had a negative return on equity of 2.16% and a negative net margin of 91.29%.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. During the same quarter in the previous year, the firm posted ($0.03) EPS. BlackBerry Limited's quarterly revenue was down 39.0% compared to the same quarter past year. At recent closing price of $17.23, PAY has a chance to add $3.42 or 19.85% in 52 weeks, based on mean target price ($20.65) placed by analysts.The analyst consensus opinion of 2.5 looks like a hold.
Investors and analysts will be looking ahead to BlackBerry Limited (NASDAQ:BBRY)'s next earnings report which is slated to be released sometime on or around 2017-06-23 for the period ending on 2017-05-31. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & global trademark & copyright laws. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/06/18/somewhat-positive-media-coverage-extremely-unlikely-to-affect-blackberry-bbry-share-price-updated-updated-updated.html.
Using all the ratings on BlackBerry Limited (NASDAQ:BBRY), the mean rests at 2.83.
