Analysts Bullish on BlackBerry, Investors Increase Shares before the Earnings Call!

bull

Ahead of BlackBerry’s long anticipated Earnings Report on April 1 next week, many analysts are upgrading the stock and notable investors are snapping up shares.

Howard Weil started coverage on BlackBerry in a report on Wednesday, January 20th. They issued a “sector perform” rating on the stock.

Zacks Investment Research raised BlackBerry from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a report on Thursday, December 24th.

Canaccord Genuity reaffirmed a “buy” rating and issued a $8.00 target price on shares of BlackBerry in a report on Wednesday, January 13th.

RBC Capital reaffirmed a “sector perform” rating and issued a $8.00 target price on shares of BlackBerry in a report on Monday, December 14th.

Finally, Vetr raised BlackBerry from a “buy” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a report on Tuesday, March 8th.

Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. BlackBerry presently has a consensus rating of “Hold” and a consensus target price of $8.47.

 

Several large investors recently made changes to their positions in the stock.

Beech Hill Advisors Inc. raised its stake in shares of BlackBerry by 245.7% in the fourth quarter. Beech Hill Advisors Inc. now owns 39,185 shares of the smartphone producer’s stock worth $364,000 after buying an additional 27,850 shares during the period.

Capital Fund Management S.A. bought a new stake in shares of BlackBerry during the fourth quarter worth $582,000.

Great West Life Assurance Co. Can raised its stake in shares of BlackBerry by 4.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 621,138 shares of the smartphone producer’s stock worth $5,755,000 after buying an additional 24,771 shares during the period.

Numeric Investors LLC bought a new stake in shares of BlackBerry during the fourth quarter worth $1,093,000.

Finally, Killen Group Inc. raised its stake in shares of BlackBerry by 458.0% in the fourth quarter. Killen Group Inc. now owns 383,710 shares of the smartphone producer’s stock worth $3,561,000 after buying an additional 314,950 shares during the period.

 

SOURCE: South Florida Hedge Fund Managers

Blackjack

I am a long time BlackBerry user and fan. Beginning with the 7520, I have recognized the value of subtle productivity enhancements in BlackBerry devices for business communication and have never since strayed. Even when the iPhone took the market by storm, I was unimpressed, because it did nothing to help my business needs. Currently enjoying my one handed dream phone, the Classic! BB10 with a toolbelt! Today I contribute to UTB whenever I feel that I can help enlighten someone on the benefits of using BlackBerry over any other platform.

Top