BlackBerry Given Rating at Wells Fargo & Co. (BBRY)

Share on StockTwits

BlackBerry (NASDAQ:BBRY)‘s stock had its “” rating restated by stock analysts at Wells Fargo & Co. in a report issued on Thursday.

Shares of BlackBerry (NASDAQ:BBRY) traded down 0.32% during mid-day trading on Thursday, hitting $9.30. 10,076,546 shares of the company’s stock traded hands. BlackBerry has a 1-year low of $5.44 and a 1-year high of $12.18. The stock has a 50-day moving average of $9. and a 200-day moving average of $8.92. The company’s market cap is $4.830 billion.

BlackBerry (NASDAQ:BBRY) last announced its earnings results on Thursday, June 19th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.74. The company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $976.25 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down 68.5% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-0.61 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Thursday, July 17th. They now have a $10.00 price target on the stock. Separately, analysts at TheStreet reiterated a “positive” rating on shares of BlackBerry in a research note on Wednesday, July 16th. They now have a $11.31 price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of BlackBerry in a research note on Wednesday, June 25th. They now have a $7.25 price target on the stock, up previously from $7.07. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.90.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

Receive News & Ratings for BlackBerry Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Samsung Promises Changes as Profit Plunges
Samsung Promises Changes as Profit Plunges
Advertising Revenue at Facebook Surges
Advertising Revenue at Facebook Surges
Lloyds Bank Cutting 9,000 Jobs and Closing Branches
Lloyds Bank Cutting 9,000 Jobs and Closing Branches
Goldman Sachs Cuts Forecast for Oil Price in 2015
Goldman Sachs Cuts Forecast for Oil Price in 2015
Eli Lilly Earnings Meet Expectations
Eli Lilly Earnings Meet Expectations
Microsoft Sales Pass Street Estimates
Microsoft Sales Pass Street Estimates


Leave a Reply

Advertisement
Advertisement
© 2006-2014 Ticker Report. Google+.