BlackBerry (TSE:BB) Raised to "Strong-Buy" at TD Securities

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY was upgraded by stock analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.BlackBerry Price Performance BlackBerry Gains on IoT Growth, but Sours on Guidance Cut Shares of TSE BB traded up C$0.99 during midday trading on Friday, reaching C$5.27. 13,594,716 shares of the stock traded hands, compared to its average volume of 2,274,682. The stock has a market capitalization of C$3.11 billion, a PE ratio of -17.00, a P/E/G ratio of 0.06 and a beta of 1.07. The company's 50 day moving average is C$3.54 and its 200 day moving average is C$3.42. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. BlackBerry has a one year low of C$2.89 and a one year high of C$5.31. BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings data on Thursday, September 26th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.03. The company had revenue of C$198.60 million for the quarter. BlackBerry had a negative return on equity of 17.68% and a negative net margin of 21.66%. On average, equities research analysts anticipate that BlackBerry will post 0.0551903 earnings per share for the current year. BlackBerry Company Profile (Get Free Report)How to invest in airline stocksBlackBerry 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.Read MoreFive stocks we like better than BlackBerryStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeOil Titans Face Off: Exxon Mobil or Chevron for 2025 Gains?High Flyers: 3 Natural Gas Stocks for March 2022Mining Stocks Back in the Spotlight: 3 Key Names to WatchLow PE Growth Stocks: Unlocking Investment OpportunitiesMarketBeat Week in Review – 12/16 - 12/20This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Media Humiliated: Demo of Elon’s Tech Proves They’re Wrong (From Brownstone Research) (Ad)Should you invest $1,000 in BlackBerry right now?Before you consider BlackBerry, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackBerry wasn't on the list.While BlackBerry currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here