BlackBerry Ltd (BB) Given Average Rating of “Hold” by Brokerages

Shares of BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$14.40.

Several equities analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a C$12.00 price target on shares of BlackBerry in a research note on Wednesday, March 28th. Royal Bank of Canada lifted their price target on BlackBerry to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, December 21st. Finally, TD Securities lifted their price objective on BlackBerry to C$18.00 and gave the stock a “buy” rating in a report on Thursday, December 21st.

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Shares of BlackBerry stock traded down C$0.19 on Friday, hitting C$13.17. The company’s stock had a trading volume of 744,847 shares, compared to its average volume of 2,745,721. BlackBerry has a 1 year low of C$10.02 and a 1 year high of C$18.14.

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About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

Analyst Recommendations for BlackBerry (TSE:BB)

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