BlackBerry (NASDAQ: RIMM)‘s stock had its “sector perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a $18.00 price target on the stock.
A number of other analysts have also recently weighed in on RIMM. Analysts at UBS AG raised their price target on shares of BlackBerry from $9.50 to $13.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at MKM Partners cut their price target on shares of BlackBerry from $12.00 to $10.00 in a research note to investors on Friday, February 22nd. Finally, analysts at MKM Partners downgraded shares of BlackBerry from a “neutral” rating to a “sell” rating in a research note to investors on Friday, February 22nd.
BlackBerry last issued its quarterly earnings data on Thursday, December 20th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.13. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted $1.27 earnings per share. BlackBerry’s revenue was down 47.2% compared to the same quarter last year. BlackBerry has set its Q4 guidance at operating loss EPS.
Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
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