Goldman Sachs Reaffirms Neutral Rating on Research In Motion (RIMM)

By admin | 6 years ago

Research In Motion (NASDAQ: RIMM)‘s stock had its “neutral” rating reaffirmed by Goldman Sachs (NYSE: GS) in a research note issued on Wednesday.

RIMM has been the subject of a number of other recent research reports. Analysts at ThinkEquity reiterated a “hold” rating on shares of Research In Motion in a research note to investors on Wednesday. Separately, analysts at BGC Financial reiterated a “sell” rating on shares of Research In Motion in a research note to investors on Wednesday. Finally, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Research In Motion from $10.00 to $8.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock.

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 price-to-earnings ratio of 4.66.

Research In Motion last posted its quarterly 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. Analysts expect that Research In Motion will post $0.06 EPS next quarter.

Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

About the author