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RBC Capital Remains a Hold on BlackBerry (BB)

Tipranks - Tipranks - Fri Jun 19, 6:38AM CDT

In a report released today, Paul Treiber from RBC Capital maintained a Hold rating on BlackBerry, with a price target of $4.50.

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Treiber covers the Technology sector, focusing on stocks such as Constellation Software, Kinaxis Inc, and D2L. According to TipRanks, Treiber has an average return of 9.3% and a 53.83% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for BlackBerry with a $5.98 average price target.

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Based on BlackBerry’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of C$157.12 million and a net profit of C$24.48 million. In comparison, last year the company earned a revenue of C$143.9 million and had a GAAP net loss of C$7 million

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