BlackBerry Ltd (BB) Stock Rating Reaffirmed by TD Securities

Intellipharmaceutics International Inc. (IPCI) (TSX:I), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted release oral solid dosage drugs, at the request of Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange, confirms that as of the date of this news release, they are not aware of any corporate developments that would cause the recent movement in the Company's share price.

A number of FactSet analysts shared their views about the current stock momentum. The stock has received "HOLD" rating after consensus analysis from analysts.

BlackBerry (BBRY) is set to post its 2017 fiscal second quarter results before Wednesday's market open. The Company holds 524.47 million shares outstanding.

A total of 7 equity analysts had released a research note on BB. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.06.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The stock had a trading volume of 4,531,085 shares. The corporation has a market capitalization of US$3.57 Billion. Over the same time span, the stock notched a high price of US$14.89 and its minimum level reached was US$9.07.

With a total market value of $0, Blackberry has with a one year low of $7.99 and a one year high of $13.12.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of BlackBerry by 3.6% in the second quarter. EPS ratio considered by looking at last twelve month figures is 1.47. Ladenburg Thalmann Financial Services Inc. increased its position in shares of BlackBerry by 3.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 67,596 shares of the smartphone producer's stock valued at $545,000 after buying an additional 1,959 shares during the last quarter. World Asset Management Inc increased its position in shares of BlackBerry by 7.8% in the second quarter. 1 Month Ago, the stock has been rated as "Buy" from 2 Analysts.

Analysts' mean recommendation for Dollar Tree, Inc.'s (DLTR) stands at 2.30. Institutional investors and hedge funds own 58.07% of the company's stock. According to these analysts, the Low Revenue Estimate for BlackBerry Limited is 371.3 Million and the High Revenue Estimate is 417.8 Million.

The previously dominant smartphone company has moved its focus to software that companies and governments use to manage their mobile devices, Reuters noted.

  • Zachary Reyes