Finance

BlackBerry Ltd (BBRY) Rating Lowered to Buy at Vetr Inc

BlackBerry Ltd (BBRY) Rating Lowered to Buy at Vetr Inc

The firm purchased 21,252 shares of the smartphone producer's stock, valued at approximately $165,000. Other things being equal, a growing EPS presages an increasing stock price.

A number of brokerages have weighed in on BBRY.

Based on current stock levels, Q2 Holdings, Inc. shares are trading -1.24% off of the 50-day high and 15.20% away from the 50-day low. Finally, Scotiabank reissued a "sector perform" rating and set a C$8.00 price objective on shares of BlackBerry in a research note on Tuesday, March 28th. Price targets frequently change, depending on the outlook for a company's earnings.

04/04/2017 - BlackBerry Limited had its "in-line" rating reiterated by analysts at Imperial Capital. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $8.87.

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) was the recipient of unusually large options trading on Tuesday. The company has market cap of $2.18 billion.

BlackBerry (NASDAQ:BBRY) last announced its earnings results on Friday, March 31st.

Manchester attack: British police stop sharing information with USA following leaks
Greater Manchester Police said eight suspects aged between 18 and 38 remain in custody in connection with the bombing. While Abedi's family was well-known in Manchester , Abedi himself did not attend many gatherings, Fadl said.

The company has mean EPS estimate of 0.01 reported by 13 number of analyst for the quarter. BlackBerry had a negative net margin of 93.19% and a negative return on equity of 3.62%. The business had revenue of $297 million for the quarter, compared to analysts' expectations of $288.45 million.

The arbitrator's decision marked a big win for BlackBerry as it moves to expand its software development and licensing businesses, Maynard Um of Wells Fargo Securities wrote last month. The firm's revenue was down 39.0% compared to the same quarter past year. On average, equities research analysts expect that BlackBerry will post $0.02 EPS for the current year. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. Modera Wealth Mgmt Ltd Liability Co has invested 0.26% in Accenture Plc (NYSE:ACN).

Shares outstanding are recorded as 517.97 million and total shares floated are 517.97 million. For the quarter, shares have been noted at -6.90%. About shares traded. BlackBerry Ltd (NASDAQ:BBRY) has risen 55.16% since May 24, 2016 and is uptrending. World Asset Management Inc now owns 32,643 shares of the smartphone producer's stock worth $253,000 after buying an additional 421 shares during the last quarter. State Street Corp raised its stake in shares of BlackBerry by 4.3% in the fourth quarter. Great West Life Assurance Co. TFS Capital LLC acquired a new position in shares of BlackBerry during the first quarter worth about $165,000.

09/29/2016 - BlackBerry Limited had its "buy" rating reiterated by analysts at TD Securities.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of BlackBerry Limited (BBRY) stands at -41.07 while the industry's and the sector's growth for next 5 years ticked at 6.55 and 11.21 respectively. Zooming out to the 200-day moving average, shares have been seen trading 45.04% away from that value.

Investors who are keeping close eye on BlackBerry Limited (BBRY) stock; watched recent volatility movements, they can see that shares have been recorded at 4.35% for the week, and 2.76% for the last month.


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