ThinkEquity Reaffirms Hold Rating on Research In Motion (RIMM)

By admin | 6 years ago

Research In Motion (NASDAQ: RIMM)‘s stock had its “hold” rating reiterated by investment analysts at ThinkEquity in a note issued to investors on Wednesday.

Shares of Research In Motion traded down 0.40% during mid-day trading on Wednesday, hitting $10.31. Research In Motion has a one year low of $10.01 and a one year high of $41.27. The company has a market cap of $5.314 billion and a P/E ratio of 4.66.

Research In Motion last issued its quarterly earnings data on Thursday, March 29th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.01. Research In Motion’s revenue was down 24.6% compared to the same quarter last year. On average, analysts predict that Research In Motion will post $0.06 earnings per share next quarter.

A number of other firms have also recently commented on RIMM. Analysts at BGC Financial reiterated a “sell” rating on shares of Research In Motion in a research note to investors on Wednesday. Separately, 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. Finally, analysts at Citigroup (NYSE: C) cut their price target on shares of Research In Motion to $9.50 in a research note to investors on Wednesday.

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

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