Could BlackBerry Ltd Change Direction After Today’s Huge Decline?

 Could BlackBerry Ltd Change Direction After Today's Huge Decline?

The stock of BlackBerry Ltd (TSE:BB) is a huge mover today! About 177,964 shares traded hands. BlackBerry Ltd (TSE:BB) has declined 3.90% since April 1, 2016 and is downtrending. It has underperformed by 5.86% the S&P500.
The move comes after 9 months negative chart setup for the $4.91 billion company. It was reported on Nov, 8 by Barchart.com. We have $8.51 PT which if reached, will make TSE:BB worth $441.90M less.

BlackBerry Ltd (TSE:BB) Ratings Coverage

Out of 9 analysts covering BB&T Corp (TSE:BB), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. $43.0 is the highest target while $7 is the lowest. The $22.36 average target is 139.14% above today’s ($9.35) stock price. BB&T Corp has been the topic of 16 analyst reports since September 2, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained BlackBerry Ltd (TSE:BB) on Wednesday, July 20 with “Sector Perform” rating. The rating was maintained by Barclays Capital on Friday, October 16 with “Equal Weight”. Piper Jaffray initiated the stock with “Neutral” rating in Tuesday, November 24 report. The firm earned “Sector Perform” rating on Monday, June 20 by RBC Capital Markets. The rating was maintained by Scotia Capital with “Sector Perform” on Monday, September 28. TD Securities maintained BlackBerry Ltd (TSE:BB) on Thursday, September 22 with “Buy” rating. The firm earned “Buy” rating on Thursday, January 21 by Argus Research. As per Monday, January 25, the company rating was upgraded by Hilliard Lyons. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, December 14. TD Securities maintained BlackBerry Ltd (TSE:BB) rating on Monday, August 29. TD Securities has “Buy” rating and $9 price target.

More notable recent BlackBerry Ltd (TSE:BB) news were published by: Profitconfidential.com which released: “BlackBerry Ltd: Could This Be a Game Changer for BlackBerry Stock?” on November 02, 2016, also Business.Financialpost.com with their article: “BlackBerry Ltd inks its first direct automative deal with Ford Motor Co for …” published on October 31, 2016, Business.Financialpost.com published: “BlackBerry Ltd releases premium DTEK60 smartphone for $650, the company’s …” on October 25, 2016. More interesting news about BlackBerry Ltd (TSE:BB) were released by: Business.Financialpost.com and their article: “BlackBerry Ltd poised to make new smartphone announcement as online leaks increase” published on October 21, 2016 as well as Profitconfidential.com‘s news article titled: “Blackberry Ltd: Here’s How BBRY Stock Gains from New Strategy” with publication date: October 20, 2016.

BlackBerry Limited provides mobile communications solutions. The company has a market cap of $4.91 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.

BB.TO Company Profile

BlackBerry Limited (BlackBerry), incorporated on July 3, 1984, provides mobile communications solutions. The Firm is engaged in the sale of smartphones and enterprise software and services. The Company’s services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. The Company’s subsidiaries include BlackBerry Corporation, BlackBerry UK Limited, BlackBerry Singapore Pte. Limited, Good Technology Corporation and QNX Software Systems Limited (QNX).

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