BlackBerry Ltd (NASDAQ:BBRY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Boasting a price of $7.69, BlackBerry Ltd (NASDAQ:BBRY) traded 3.63% higher on the day. With the last stock price close up 5.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. BlackBerry Ltd has recorded a 50-day average of $7.35 and a two hundred day average of $7.34. Volume of trade was up over the average, with 5,621,035 shares of BBRY changing hands over the typical 3,957,310
Zacks Investment Research has downgraded BlackBerry Ltd (NASDAQ:BBRY) to Hold in a statement released on 11/30/2016.
With a total market value of $0, BlackBerry Ltd has with a one year low of $6.23 and a one year high of $9.46 .
A total of 21 firms have issued a report on the stock. One brokerage rating the company a strong buy, two brokers rating the stock a buy, 16 brokers rating the stock a hold, eight analysts rating the company a underperform, and finally zero firms rating the stock a sell with a consensus target price of $7.75.
About BlackBerry Ltd (NASDAQ:BBRY)
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. The BlackBerry Technology Solutions business unit consists of five units: QNX, Certicom, Paratek, the BlackBerry IoT Platform and Intellectual Property and Patent Licensing (IPPL).
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