BlackBerry (TSE:BB) Upgraded at TD Securities

BlackBerry (TSE:BB) (NASDAQ:BBRY) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

BlackBerry Stock Performance

TSE BB traded up C$0.99 during trading hours on Friday, reaching C$5.27. The stock had a trading volume of 13,594,716 shares, compared to its average volume of 2,274,682. BlackBerry has a 52-week low of C$2.89 and a 52-week high of C$5.31. The stock has a fifty day moving average of C$3.54 and a 200 day moving average of C$3.42. The company has a debt-to-equity ratio of 34.15, a quick ratio of 1.49 and a current ratio of 1.44. The stock has a market cap of C$3.11 billion, a P/E ratio of -17.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last released its quarterly earnings data on Thursday, September 26th. The company reported C($0.02) EPS for the quarter, beating the consensus estimate of C($0.05) by C$0.03. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 17.68%. The business had revenue of C$198.60 million for the quarter. Sell-side analysts predict that BlackBerry will post 0.0551903 earnings per share for the current year.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.