Is BlackBerry Ltd’s Fuel Running Low? The Stock Just Declined Again


The stock of BlackBerry Ltd (TSE:BB) is a huge mover today! The stock decreased 4.03% or $0.4 on September 13, hitting $9.53. About 1.31 million shares traded hands or 43.70% up from the average. BlackBerry Ltd (TSE:BB) has risen 0.61% since February 5, 2016 and is uptrending. It has underperformed by 15.88% the S&P500.
The move comes after 9 months negative chart setup for the $5.01 billion company. It was reported on Sep, 14 by We have $8.86 PT which if reached, will make TSE:BB worth $350.70 million less.

Out of 8 analysts covering Blackberry (TSE:BB), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $43.0 is the highest target while $7 is the lowest. The $19.42 average target is 103.78% above today’s ($9.53) stock price. Blackberry has been the topic of 13 analyst reports since September 28, 2015 according to StockzIntelligence Inc. TD Securities maintained the stock on August 29 with “Buy” rating.

BlackBerry Limited provides mobile communications solutions. The company has a market cap of $5.01 billion. The Firm is engaged in the sale of smartphones and enterprise software and services. It currently has negative earnings. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging.

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