Shares of BlackBerry Ltd. (NASDAQ:BBRY) saw unusually-strong trading volume on Wednesday . Approximately 3,853,665 shares were traded during 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 analysts have commented on BBRY shares. Morgan Stanley reissued an “equal weight” rating and set a $7.00 price objective on shares of BlackBerry in a report on Thursday, March 24th. TD Securities reaffirmed a “buy” rating and issued a $9.00 price target on shares of BlackBerry in a report on Thursday, March 31st. Vetr downgraded shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $9.00 price target for the company. in a report on Thursday, March 31st. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a $6.00 price target on shares of BlackBerry in a report on Thursday, March 31st. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and issued a $7.63 price target on shares of BlackBerry in a report on Friday, April 1st. Four 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. BlackBerry has an average rating of “Hold” and an average target price of $7.37.

The company has a 50 day moving average of $6.85 and a 200-day moving average of $7.18. The company’s market capitalization is $3.61 billion.

Other large investors have made changes to their positions in the company. State of Wisconsin Investment Board increased its stake 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 valued at $3,996,000 after buying an additional 174,400 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of BlackBerry during the fourth quarter valued at $1,571,000. Sabal Capital Management LLC acquired a new stake in shares of BlackBerry during the fourth quarter valued at $5,081,000. Finally, Marshall Wace LLP increased its stake 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 valued at $2,486,000 after buying an additional 158,805 shares during the last quarter.

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.

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