Vetr Inc. Downgrades BlackBerry Limited (BBRY) to Buy

Joanna Estrada
October 4, 2017

The following firms have recently changed their position in BBRY. Morgan Stanley maintained the stock with "Hold" rating in Tuesday, September 22 report. The stock of BlackBerry Ltd (NASDAQ:BBRY) earned "Sector Perform" rating by RBC Capital Markets on Monday, December 21. Finally, Scotiabank lifted their price target on shares of BlackBerry to C$14.50 and gave the company an outperform rating in a report on Monday, June 26th. For the quarter, shares have been noted at 11.91%. They now have a United States dollars 8 price target on the stock.

Analysts have given a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). TD Securities has "Buy" rating and $9 target.

What Historical Figures Say About BlackBerry Limited (NASDAQ:BBRY)? Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 20.84% and standing 22.34% away from 50-Day Simple Moving Average while traded up 30.28% from 200-Day Simple Moving Average.

While looking at the Stock's Performance, BlackBerry Limited now shows a Weekly Performance of 22.45%, where Monthly Performance is 23.26%, Quarterly performance is 11.91%, 6 Months performance is 44.26% and yearly performance percentage is 40.81%. On Thursday, April 13 the stock rating was upgraded by Scotia Capital to "Outperform". In the latest earnings report the EPS was $0.94 and is estimated to be $0.04 for the current year with 530,000,000 shares outstanding. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The business's quarterly revenue was down 32.4% on a year-over-year basis. Blackberry had 56 analyst reports since July 28, 2015 according to SRatingsIntel.

06/21/2017 - BlackBerry Limited had its "underperform" rating reiterated by analysts at Credit Suisse. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of U.S. & global copyright legislation. The legal version of this piece can be read at https://weekherald.com/2017/10/03/blackberry-limited-bbry-downgraded-by-vetr-inc-to-buy.html. Cunningham James L III had sold 1,609 shares worth $85,888 on Friday, June 2. The stock stands almost -3.41% off versus the 52-week high and 70.53% away from the 52-week low. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued. Dynamic Technology Lab Private Ltd now owns 232,703 shares valued at $2,324,000. Vanguard Group Inc reduced its investment by shedding 9,863 shares a decrease of 8.2%. The share last price represents downtick move of -4.77% in value from company's 52-Week high price and shows 68.12% above change in value from its 52-Week low price. Vanguard Group Inc now owns 109,861 shares worth $1,098,000.

The company now has an insider ownership of 11.2 Percent and Institutional ownership of 56.6 Percent.

Blackberry Limited (NASDAQ:BBRY) has average revenue estimates of $216.6 Million, compared to low analyst estimates of $200.1 Million and high estimates of $227.89 Million for the current quarter. The Company is engaged in the sale of smartphones and enterprise software and services. The Company's services and products include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging.

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