Analyst Updates: BlackBerry Ltd(NASDAQ:BBRY), Nokia Corporation (NYSE:NOK)

BlackBerry Ltd(NASDAQ:BBRY)  CEO John Chen yesterday declined to rule out a move by his company to make devices that more fully support Google’s (GOOG) Android operating system, Re/code reported last night. Chen acknowledged that the company probably can’t effective compete with Google and Apple (AAPL) for developers, Re/code added.

Analysts have a consensus price target of $8.45 on BlackBerry Ltd(NASDAQ:BBRY) which indicates a 14% upside. The consensus rating of the stock is a HOLD with a score of 1.78. There are currently 18 Hold ratings, 11 Sell ratings 1 Strong Buy and 2 Buy ratings on the stock. A recent analyst action consisted of Oppenheimer upgrading their rating to Market Perform.

Following the recent security scare from the “Heartbleed” bug, a foundation supported by tech heavyweights like Google (GOOG), Amazon (AMZN), Facebook (FB), and IBM (IBM) has said it will fund full-time salaries and a security audit for the OpenSSL Project, which manages the code for the most widely used online encryption tools, reported The Wall Street Journal. Others, including  Nokia Corporation (NYSE:NOK) and Huawei, made pledges directly to OpenSSL.

Analysts have a consensus price target of $11.82 on Nokia Corporation (NYSE:NOK) which indicates a 45% upside. The consensus rating of the stock is a HOLD with a score of 2.32. There are currently 16 Hold Ratings, 5 sell ratings and 17 Buy ratings on the stock.

Nokia Corporation (NYSE:NOK) has a 50 day moving average of $7.44 and a 200 day moving average of $7.57. The company has a market cap of $29.5B and a current quarter EPS consensus estimate of $0.31.

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