A Reversal for BlackBerry Ltd Is Not Near. The Stock Rises Again

 A Reversal for BlackBerry Ltd Is Not Near. The Stock Rises Again

The stock of BlackBerry Ltd (TSE:BB) is a huge mover today! About 172,730 shares traded hands. BlackBerry Ltd (TSE:BB) has risen 6.85% since April 8, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.
The move comes after 9 months positive chart setup for the $5.35 billion company. It was reported on Nov, 14 by Barchart.com. We have $12.87 PT which if reached, will make TSE:BB worth $1.55B more.

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 124.05% above today’s ($9.98) stock price. BB&T Corp has been the topic of 16 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Hilliard Lyons downgraded the shares of BB in a report on Friday, October 16 to “Neutral” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 20. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, September 2. On Tuesday, November 24 the stock rating was initiated by Piper Jaffray with “Neutral”. The company was upgraded on Monday, December 7 by Raymond James. The rating was maintained by TD Securities with “Buy” on Monday, August 29. The firm has “Sector Perform” rating given on Monday, September 28 by Scotia Capital. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, June 20. Argus Research maintained the stock with “Buy” rating in Thursday, January 21 report. TD Securities maintained the stock with “Buy” rating in Thursday, September 22 report.

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 Profitconfidential.com with their article: “Blackberry Ltd: If This Happens, Blackberry Stock Could Soar” published on September 28, 2016, Fool.ca published: “Why BlackBerry Ltd. Is Becoming an Interesting Option” on November 08, 2016. More interesting news about BlackBerry Ltd (TSE:BB) were released by: Business.Financialpost.com and their article: “BlackBerry Ltd inks its first direct automative deal with Ford Motor Co for …” published on October 31, 2016 as well as Business.Financialpost.com‘s news article titled: “BlackBerry Ltd poised to make new smartphone announcement as online leaks increase” with publication date: October 21, 2016.

BlackBerry Limited provides mobile communications solutions. The company has a market cap of $5.35 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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