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

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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.

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