TD Securities Upgrades BlackBerry (TSE:BB) to Hold

BlackBerry (TSE:BB) (NASDAQ:BBRY) was upgraded by equities researchers at TD Securities to a “hold” rating in a report issued on Friday,Zacks.com reports.

BlackBerry Price Performance

BlackBerry stock opened at C$6.28 on Friday. The stock has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 119.81, a PEG ratio of 0.06 and a beta of 0.94. BlackBerry has a 52-week low of C$3.12 and a 52-week high of C$8.86. The stock’s 50 day moving average price is C$5.47 and its two-hundred day moving average price is C$5.39. The company has a debt-to-equity ratio of 30.90, a quick ratio of 1.49 and a current ratio of 1.37.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, September 25th. The company reported C$0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.01. BlackBerry had a negative return on equity of 17.21% and a negative net margin of 21.16%. On average, equities analysts predict that BlackBerry will post 0.0551903 earnings per share for the current year.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.