BlackBerry Limited (NASDAQ:BBRY) Valuation According To Analysts

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Shares of BlackBerry Limited (NASDAQ:BBRY) have climbed in the previous month.

BBRY has been the subject of several recent analyst reports. Comerica Bank increased its stake in shares of BlackBerry by 1.3% in the first quarter. Comerica Bank now owns 29,649 shares of the smartphone producer's stock worth $216,000 after buying an additional 3,210 shares during the period. Can increased its stake in shares of BlackBerry by 0.3% in the third quarter. FNY Partners Fund LP bought a new stake in BlackBerry during the first quarter valued at $147,000. In accordance with the terms of Annaly's 7.625% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock"), the Board of Directors of Annaly has declared a Series C Preferred Stock cash dividend for the second quarter of 2017 of $0.476563 per share of Series C Preferred Stock. About shares traded. BlackBerry Ltd (NASDAQ:BBRY) has risen 55.16% since May 24, 2016 and is uptrending. Similarly, the company's last 5 years high P/E ratio is 0 and low P/E is 0, whereas, the industry's and sector's high P/E for the past year is 43.36 and 41.38 respectively and low P/E ratio for the last 5 years is 15.17 for the industry and 13.83 for the Sector. The company has market cap of 599.32 million GBP.

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Wayfair Inc.

BlackBerry (NASDAQ:BBRY) last released its quarterly earnings data on Friday, March 31st. The smartphone producer reported $0.04 EPS for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.08. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%. The firm had revenue of $297 million during the quarter, compared to the consensus estimate of $288.45 million. During the same period past year, the business earned ($0.03) earnings per share. Company shares have been seen trading -1.84% off of the 52 week high and 79.45% away from the 52 week low. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & worldwide copyright & trademark law. The correct version of this story can be read at https://sportsperspectives.com/2017/05/25/tfs-capital-llc-takes-position-in-blackberry-ltd-bbry.html.

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While taking a look at financials, we can look at a number of key indicators about BlackBerry Limited (BBRY) . Imperial Capital maintained it with "In-Line" rating and $7 target in Thursday, June 16 report. Canaccord Genuity set a $10.00 target price on shares of BlackBerry and gave the stock a "hold" rating in a research report on Wednesday, April 12th. Robert W. Baird upgraded the shares of BB in report on Wednesday, September 2 to "Outperform" rating. The rating was maintained by JP Morgan with "Neutral" on Monday, April 4. BMO Capital Markets maintained BlackBerry Ltd (TSE:BB) rating on Thursday, April 13.

Among 10 analysts covering BB&T Corp (TSE:BB), 5 have Buy rating, 0 Sell and 5 Hold. The company presently has an average rating of "Hold" and an average target price of $8.87.

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Firm is engaged in the sale of smartphones and enterprise software and services.

Formula Systems Ltd. (Formula) is a global information technology (IT) solutions and services holding company.

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