Shares of BlackBerry Ltd. (NASDAQ:BBRY) saw unusually-high trading volume on Wednesday . Approximately 3,853,665 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 4,174,247 shares.The stock last traded at $6.75 and had previously closed at $6.67.

Several research firms recently weighed in on BBRY. Zacks Investment Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective on the stock in a research note on Thursday, April 7th. TD Securities reissued a “buy” rating and set a $9.00 price objective on shares of BlackBerry in a research note on Thursday, March 31st. Morgan Stanley reissued an “equal weight” rating and set a $7.00 price objective on shares of BlackBerry in a research note on Thursday, March 24th. BMO Capital Markets reissued a “market perform” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Tuesday, April 5th. Finally, Vetr lowered shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $7.83 price objective on the stock. in a research note on Tuesday, April 19th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.37.

The company’s market capitalization is $3.54 billion. The company’s 50-day moving average price is $6.86 and its 200-day moving average price is $7.18.

A number of institutional investors recently made changes to their positions in BBRY. Sabal Capital Management LLC bought a new position in shares of BlackBerry during the fourth quarter worth approximately $5,081,000. Quantitative Investment Management LLC bought a new position in shares of BlackBerry during the fourth quarter worth approximately $1,571,000. Marshall Wace LLP boosted its position in shares of BlackBerry by 145.5% in the fourth quarter. Marshall Wace LLP now owns 267,935 shares of the smartphone producer’s stock worth $2,486,000 after buying an additional 158,805 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of BlackBerry by 67.6% in the fourth quarter. State of Wisconsin Investment Board now owns 432,358 shares of the smartphone producer’s stock worth $3,996,000 after buying an additional 174,400 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.