BlackBerry (TSE:BB) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of BlackBerry (TSE:BB) (NASDAQ:BBRY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

BlackBerry Stock Performance

BlackBerry stock opened at C$5.27 on Friday. The firm has a market capitalization of C$3.11 billion, a PE ratio of -17.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07. BlackBerry has a one year low of C$2.89 and a one year high of C$5.31. The stock’s 50 day moving average price is C$3.58 and its 200 day moving average price is C$3.43. The company has a debt-to-equity ratio of 34.15, a quick ratio of 1.49 and a current ratio of 1.44.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its earnings results on Thursday, September 26th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.03. The business had revenue of C$198.60 million for the quarter. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 17.68%. As a group, sell-side analysts expect that BlackBerry will post 0.0551903 EPS for the current fiscal year.

About BlackBerry

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.