BlackBerry Limited (NYSE:BB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $12.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 16.17% from the company’s previous close.

According to Zacks, “BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada. “

A number of other brokerages have also weighed in on BB. Vetr lowered BlackBerry Limited from a “strong-buy” rating to a “buy” rating and set a $10.20 target price on the stock. in a research report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of BlackBerry Limited in a research report on Sunday, August 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 target price on shares of BlackBerry Limited in a research report on Friday, September 29th. Canaccord Genuity reaffirmed a “hold” rating and set a $10.00 target price on shares of BlackBerry Limited in a research report on Monday, October 2nd. Finally, TD Securities reaffirmed a “buy” rating and set a $11.50 target price on shares of BlackBerry Limited in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. BlackBerry Limited presently has a consensus rating of “Hold” and a consensus price target of $9.70.

Shares of BlackBerry Limited (NYSE:BB) traded down $0.07 on Tuesday, reaching $10.33. The company’s stock had a trading volume of 5,502,900 shares, compared to its average volume of 6,376,688. BlackBerry Limited has a 12-month low of $6.65 and a 12-month high of $11.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.17 and a current ratio of 5.19. The firm has a market capitalization of $5,516.27, a price-to-earnings ratio of 520.00 and a beta of 1.04.

BlackBerry Limited (NYSE:BB) last issued its quarterly earnings results on Thursday, September 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. BlackBerry Limited had a return on equity of 2.70% and a net margin of 49.62%. The firm had revenue of $238.00 million for the quarter, compared to analyst estimates of $221.21 million. BlackBerry Limited’s revenue for the quarter was down 32.4% on a year-over-year basis. equities research analysts expect that BlackBerry Limited will post -0.04 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “BlackBerry Limited (BB) Stock Rating Upgraded by Zacks Investment Research” was first published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at

About BlackBerry Limited

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 Limited (NYSE:BB)

Receive News & Ratings for BlackBerry Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Limited and related companies with's FREE daily email newsletter.