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

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

The stock of BlackBerry Ltd (TSE:BB) is a huge mover today! About 364,381 shares traded hands. BlackBerry Ltd (TSE:BB) has risen 12.64% since April 27, 2016 and is uptrending. It has outperformed by 6.71% the S&P500.
The move comes after 7 months negative chart setup for the $5.48 billion company. It was reported on Dec, 1 by Barchart.com. We have $9.67 PT which if reached, will make TSE:BB worth $219.20M 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 122.05% above today’s ($10.07) stock price. BB&T Corp has been the topic of 16 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm earned “Strong Buy” rating on Monday, December 7 by Raymond James. The firm has “Buy” rating by Argus Research given on Thursday, January 21. Hilliard Lyons downgraded BlackBerry Ltd (TSE:BB) on Friday, October 16 to “Neutral” rating. The rating was maintained by Scotia Capital with “Sector Perform” on Monday, September 28. RBC Capital Markets maintained BlackBerry Ltd (TSE:BB) rating on Monday, June 20. RBC Capital Markets has “Sector Perform” rating and $10 price target. The firm has “Neutral” rating given on Tuesday, November 24 by Piper Jaffray. The stock of BlackBerry Ltd (TSE:BB) earned “Buy” rating by TD Securities on Thursday, September 22. The company was maintained on Monday, December 14 by RBC Capital Markets. Robert W. Baird upgraded the shares of BB in a report on Wednesday, September 2 to “Outperform” rating. The firm has “Equal Weight” rating by Barclays Capital given on Friday, October 16.

More notable recent BlackBerry Ltd (TSE:BB) news were published by: Profitconfidential.com which released: “BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock” on December 01, 2016, also Fool.ca with their article: “Investors: 1 Very Big Reason to Get Excited About BlackBerry Ltd.” published on November 30, 2016, Seekingalpha.com published: “BlackBerry 10: Is The End Near?” on November 30, 2016. More interesting news about BlackBerry Ltd (TSE:BB) were released by: Fool.com and their article: “BlackBerry Ltd. Finally Stops Making Smartphones” published on October 03, 2016 as well as Usnews.com‘s news article titled: “BlackBerry Ltd Quitting Smartphone Production (BBRY)” with publication date: September 28, 2016.

BlackBerry Limited provides mobile communications solutions. The company has a market cap of $5.48 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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment