Traders Spotlight: BlackBerry Limited (BBRY)

Paterniano Del Favero
Luglio 25, 2017

BlackBerry Limited (NASDAQ:BBRY) shares saw the needle move 0.70% on the week. BlackBerry Limited had a net margin of 11.68% and a negative return on equity of 1.67%. BMO Capital Markets reiterated a "market perform" rating and issued a $10.00 price objective (up from $9.00) on shares of BlackBerry Limited in a report on Monday, June 26th. Zacks Investment Research upgraded BlackBerry Limited from a "hold" rating to a "strong-buy" rating and set a $9.00 target price for the company in a research report on Wednesday, April 5th.

A number of other equities analysts have also weighed in on the company. Aperio Group LLC raised its stake in shares of BlackBerry Limited by 57.4% in the second quarter. 648,463 shares of the company's stock were exchanged. Finally, Creative Planning raised its stake in shares of BlackBerry Limited by 18.6% in the second quarter. The firm had revenue of $244 million for the quarter, compared to analyst estimates of $262.80 million. Scotiabank set a $10.65 target price on BlackBerry Limited in a research report on Monday, April 3rd. Norges Bank acquired a new position in shares of BlackBerry Limited during the fourth quarter valued at about $24,556,000. Creative Planning now owns 12,122 shares of the smartphone producer's stock worth $121,000 after buying an additional 1,900 shares during the period. Royal Bank Of Canada reissued a sector perform rating and issued a C$12.50 price objective on shares of BlackBerry in a report on Wednesday, June 21st. Aperio Group LLC now owns 131,594 shares of the smartphone producer's stock valued at $1,315,000 after buying an additional 47,981 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of BlackBerry Limited by 2.1% in the first quarter. Beech Hill Advisors Inc. now owns 101,195 shares of the smartphone producer's stock worth $1,011,000 after buying an additional 14,765 shares during the period. The stock closing price is now trading downward to its 50 day moving average with change of -21.30%, tumbled to its 20 day moving average with figure of -12.51% and behind its 200 day moving average with value -27.81%.

While looking at the Stock's Performance, BlackBerry Limited now shows a Weekly Performance of 0.7%, where Monthly Performance is -5.73%, Quarterly performance is 10.57%, 6 Months performance is 40.81% and yearly performance percentage is 46.78%. Equities analysts anticipate that BlackBerry Limited will post $0.04 earnings per share for the current year.

Want to see what other hedge funds are holding BBRY? Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock.

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11 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 289.33 million while high and low sale targets are estimated at 315 million and 271.63 million respectively.

BlackBerry Limited (NASDAQ:BBRY) has twenty days moving average price of 0.68% from last close price of 10.14 and act as support or resistance of price limit.

July 20, 2017BlackBerry Limited (BBRY)(BB.TO) reported the firmhas expanded its cybersecurity offerings for the public sector to now include SecuSUITE® for Government, a multi-platform solution for end-to-end encryption of voice calls and text messages.

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