Wedbush Reiterates Neutral on Research In Motion (RIMM)

By admin | 6 years ago

Research In Motion (NASDAQ: RIMM)‘s stock had its “neutral” rating reaffirmed by research analysts at Wedbush in a report released on Tuesday.

Shares of Research In Motion opened at 11.23 on Tuesday. Research In Motion has a one year low of $12.45 and a one year high of $42.50. The company has a market cap of $5.788 billion and a P/E ratio of 5.06.

Research In Motion last issued its quarterly earnings data 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 $0.34 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James (NYSE: RJF) cut their EPS estimates on shares of Research In Motion in a research note on Tuesday. They now have a “market perform” rating and a $15.00 price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Research In Motion in a research note to investors on Tuesday. They now have a $14.50 price target on the stock. Finally, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Research In Motion in a research note on Friday. They now have a “neutral” rating and a $14.50 price target on the stock.

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

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