| | 11-26-2012, 07:33 AM Thread Author #1
Research In Motion (NASDAQ: RIMM) was upgraded by equities researchers at CIBC to an “outperform”
Oh how quickly the tables turns when it comes to analysts:
"Research In Motion opened at 11.66 on Monday. Research In Motion has a 1-year low of $6.22 and a 1-year high of $18.77. The company’s market cap is $6.021 billion.
Research In Motion last announced its earnings results on Thursday, September 27th. The company reported ($0.27) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.46) by $0.19. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.50 billion. The company’s revenue for the quarter was down 31.1% on a year-over-year basis. Analysts expect that Research In Motion will post $-1.27 EPS for the current fiscal year.
RIMM has been the subject of a number of other recent research reports. Analysts at National Bank raised their price target on shares of Research In Motion to $15.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group upgraded shares of Research In Motion from an “underperform” rating to a “hold” rating in a research note to investors on Tuesday, November 20th. They now have a $10.00 price target on the stock, up previously from $5.00. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Research In Motion in a research note to investors on Monday, November 12th.
Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market."