The stock of BlackBerry Ltd (NASDAQ:BBRY) is a huge mover today! About 5.59M shares traded hands or 65.88% up from the average. BlackBerry Ltd (NASDAQ:BBRY) has risen 6.21% since April 14, 2016 and is uptrending. It has outperformed by 1.53% the S&P500.
The move comes after 6 months positive chart setup for the $4.12B company. It was reported on Nov, 16 by Barchart.com. We have $9.73 PT which if reached, will make NASDAQ:BBRY worth $1.11 billion more.
BlackBerry Ltd (NASDAQ:BBRY) Ratings Coverage
Out of 19 analysts covering Blackberry (NASDAQ:BBRY), 2 rate it a “Buy”, 4 “Sell”, while 13 “Hold”. This means 11% are positive. Blackberry has been the topic of 37 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Imperial Capital maintained BlackBerry Ltd (NASDAQ:BBRY) on Tuesday, December 22 with “In-Line” rating. The firm has “Hold” rating given on Friday, September 4 by Oppenheimer. Credit Suisse maintained the stock with “Underperform” rating in Thursday, September 29 report. JP Morgan reinitiated the stock with “Neutral” rating in Monday, December 21 report. Deutsche Bank maintained it with “Hold” rating and $6.50 target price in Monday, April 4 report. The rating was maintained by RBC Capital Markets on Monday, December 14 with “Sector Perform”. The stock of BlackBerry Ltd (NASDAQ:BBRY) earned “In-Line” rating by Imperial Capital on Tuesday, September 29. Deutsche Bank maintained BlackBerry Ltd (NASDAQ:BBRY) rating on Monday, September 28. Deutsche Bank has “Hold” rating and $6 price target. The company was maintained on Monday, September 21 by Canaccord Genuity. The stock of BlackBerry Ltd (NASDAQ:BBRY) earned “Hold” rating by S&P Research on Friday, September 4.
According to Zacks Investment Research, “BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada.”
More notable recent BlackBerry Ltd (NASDAQ:BBRY) news were published by: Valuewalk.com which released: “BlackBerry Ltd (BBRY) DTEK60: What Makes It Apt For Businessmen” on November 16, 2016, also Seekingalpha.com with their article: “New Samsung Deal Spells Doom For BlackBerry” published on November 15, 2016, Profitconfidential.com published: “BlackBerry Ltd: Could This Be a Game Changer for BlackBerry Stock?” on November 02, 2016. More interesting news about BlackBerry Ltd (NASDAQ:BBRY) 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.
BBRY 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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