BlackBerry Ltd. (BBRY) Trading Down 3.6%
Shares of BlackBerry Ltd. (NASDAQ:BBRY) traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as $7.58 and last traded at $7.59, with a volume of 4,497,703 shares changing hands. The stock had previously closed at $7.87.
Several analysts have recently issued reports on the stock. Wells Fargo & Co. reiterated a “positive” rating and issued a $7.62 target price on shares of BlackBerry in a research report on Tuesday. TD Securities reiterated a “buy” rating and issued a $9.00 target price on shares of BlackBerry in a research report on Monday. Zacks Investment Research lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of BlackBerry from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Raymond James Financial Inc. upgraded shares of BlackBerry from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $8.00 to $10.50 in a research report on Friday, August 12th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.56.
The firm has a 50 day moving average of $7.59 and a 200 day moving average of $7.30. The company’s market capitalization is $3.97 billion.
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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