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Macquarie Research announced Blackberry (NASDAQ:BBRY), boosting its stock price target to $8.50 today

In a report released on Thursday September 29, 2016 Macquarie Research increased the stock price target of Blackberry (NASDAQ:BBRY) from $7.00 to $8.50 reporting a possible upside of 0.02%.

Just yesterday Blackberry (NASDAQ:BBRY) traded 5.71% higher at $8.33. Blackberry’s 50-day moving average is $7.79 and its 200-day moving average is $7.30. The last stock price is up 14.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 23,407,251 shares of BBRY traded hands, up from an average trading volume of 4,071,280

Recent Performance Chart

Blackberry (NASDAQ:BBRY)

Blackberry has 52 week low of $6.03 and a 52 week high of $9.46 and has a market capitalization of $0.

In addition to Macquarie Research reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $7.75 with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 8 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Blackberry (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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