BlackBerry Limited (BBRY) Given Average Rating of "Hold" by Brokerages

Sure, the percentage is discouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 1.39%, annually.

Currently, the stock has a 1 Year Price Target of $9.02.

BBRY has been the subject of a number of analyst reports.

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BlackBerry Limited has a consensus hold rating from 20 Wall Street analysts, and the number of shares now sold short amount to at least 9.12% of shares outstanding.

COPYRIGHT VIOLATION NOTICE: "BlackBerry Limited Target of Unusually Large Options Trading (BBRY)" was first reported by BBNS and is the sole property of of BBNS. They now have $11.74 price target on the smartphone producer's stock.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of BlackBerry Limited (NASDAQ:BBRY). Zacks Investment Research downgraded BlackBerry Limited from a strong-buy rating to a hold rating in a report on Friday, April 7th. Royal Bank of Canada reaffirmed a "hold" rating and set a $9.50 price target on shares of BlackBerry Limited in a report on Thursday. Currently, BlackBerry Limited net profit margin for the 12 months is at -92.13%.

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The counter witnessed a trading volume of 1.21 million shares versus an average volume of 2.09 million shares during last trading session. The company rocked its 52-Week High of $11.74 and touched its 52-Week Low of $6.23. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last issued its quarterly earnings results on Friday, March 31st.

For the current quarter Blackberry Limited (NASDAQ:BBRY) has high EPS estimates of $0.04 in contradiction of low EPS estimates of $-0.02. The company had revenue of $297 million during the quarter, compared to analysts' expectations of $288.45 million. The business's revenue was down 39.0% compared to the same quarter previous year.

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06/05/2017 - BlackBerry Limited had its "underperform" rating reiterated by analysts at Credit Suisse. If you are reading this story on another site, it was stolen and reposted in violation of United States and global trademark & copyright law. The correct version of this report can be read at https://transcriptdaily.com/2017/06/19/blackberry-ltd-bbry-given-consensus-recommendation-of-hold-by-analysts-updated-updated-updated.html. Institutional investors own 62.48% of the company's stock. Finally, First Eagle Investment Management LLC boosted its stake in shares of BlackBerry Limited by 48.9% in the first quarter. Vanguard Group Inc. now owns 10,428,072 shares of the smartphone producer's stock valued at $80,818,000 after buying an additional 493,101 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BlackBerry Limited by 13.5% in the third quarter. World Asset Management Inc now owns 32,643 shares of the smartphone producer's stock valued at $253,000 after buying an additional 421 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of BlackBerry Limited during the fourth quarter valued at about $357,000. State Street Corp now owns 26,952 shares of the smartphone producer's stock valued at $186,000 after buying an additional 1,100 shares during the last quarter. ING Groep NV purchased a new stake in BlackBerry Limited during the fourth quarter worth approximately $580,000. First Allied Advisory Services Inc. now owns 29,020 shares of the smartphone producer's stock valued at $200,000 after buying an additional 2,500 shares during the last quarter.

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