Somewhat Favorable News Coverage Somewhat Unlikely to Affect BlackBerry (BB) Stock Price
Press coverage about BlackBerry (NYSE:BB) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BlackBerry earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.6165656566511 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- BidaskClub Downgrades BlackBerry (BB) to Hold (americanbankingnews.com)
- BlackBerry (BB) and Netgear (NTGR) Head-To-Head Comparison (americanbankingnews.com)
- BlackBerry (BB) Upgraded at Vetr (americanbankingnews.com)
- Analysts Set Expectations for BlackBerry Limited’s Q1 2019 Earnings (BB) (americanbankingnews.com)
- BidaskClub Downgrades BlackBerry (BB) to Sell (americanbankingnews.com)
Shares of BB opened at $10.51 on Tuesday. The company has a current ratio of 5.49, a quick ratio of 5.48 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5,635.71, a price-to-earnings ratio of 210.20 and a beta of 1.11. BlackBerry has a 12 month low of $8.47 and a 12 month high of $14.55.
BB has been the topic of several analyst reports. Zacks Investment Research raised shares of BlackBerry from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 24th. Canaccord Genuity reissued a “hold” rating and issued a $11.00 price objective on shares of BlackBerry in a research note on Thursday, March 29th. Macquarie boosted their price objective on shares of BlackBerry from $14.50 to $15.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Vetr cut shares of BlackBerry from a “strong-buy” rating to a “strong sell” rating and set a $8.80 price objective on the stock. in a research note on Monday, March 12th. Finally, TD Securities boosted their price objective on shares of BlackBerry from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. BlackBerry has an average rating of “Hold” and an average price target of $10.80.
BlackBerry Limited operates as security software and services company in securing, connecting, and mobilizing enterprises worldwide. The company operates in three segments: Software & Services, Mobility Solutions, and Service Access Fees (SAF). The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.
Receive News & Ratings for BlackBerry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry and related companies with MarketBeat.com's FREE daily email newsletter.