Why Pi Financial restated rating on BlackBerry

BlackBerry (TSE:BB) (NASDAQ:BBRY)‘s stock had its “neutral” rating reissued by Pi Financial in a note issued to investors on Tuesday, BayStreet.CA reports.

They currently have a C$9.40 target price on the stock. Pi Financial’s target price would indicate a potential upside of 46.19% from the company’s current price.

TSE:BB opened at C$6.43 on Tuesday. BlackBerry has a one year low of C$3.94 and a one year high of C$8.99. The company has a debt-to-equity ratio of 37.11, a current ratio of 1.07 and a quick ratio of 1.02. The company’s 50-day simple moving average is C$6.49 and its 200 day simple moving average is C$6.23. The firm has a market capitalization of $3.58 billion and a P/E ratio of -4.61.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C($0.01) EPS for the quarter, topping the consensus estimate of C($0.06) by C$0.05. The business had revenue of C$299.41 million for the quarter, compared to the consensus estimate of C$284.24 million. On average, equities research analysts expect that BlackBerry will post 0.1721865 earnings per share for the current fiscal year.

About BlackBerry

BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.