Nomura Reaffirms Neutral Rating on Research In Motion (RIMM)
Shares of Research In Motion opened at 10.351 on Wednesday. Research In Motion has a 52 week low of $10.01 and a 52 week high of $41.27. The company has a market cap of $5.335 billion and a P/E ratio of 4.66.
Research In Motion last announced its earnings results on Thursday, March 29th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.01. The company’s quarterly revenue was down 24.6% on a year-over-year basis. On average, analysts predict that Research In Motion will post $0.33 earnings per share next quarter.
RIMM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Research In Motion from $12.00 to $10.00 in a research note to investors on Wednesday. Separately, analysts at Raymond James (NYSE: RJF) cut their price target on shares of Research In Motion to $12.00 in a research note to investors on Wednesday. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Research In Motion to $10.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.