BlackBerry (TSE: RIM) was upgraded by analysts at Societe Generale from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a C$17.00 price objective on the stock, up from their previous price objective of C$13.00. Societe Generale’s price objective suggests a potential upside of 30.67% from the company’s current price.

BlackBerry (TSE: RIM) remained flat at $13.01 during trading on Thursday. BlackBerry has a 52-week low of $6.10 and a 52-week high of $18.49. The stock’s 50-day moving average is currently $15.02.

Other equities research analysts have also recently issued reports about the stock. Analysts at Socgen upgraded shares of BlackBerry from a “sell” rating to a “buy” rating in a research note to investors on Thursday. They now have a C$17.00 price target on the stock, up previously from C$13.00. Separately, analysts at BNP Paribas downgraded shares of BlackBerry from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, May 22nd. Finally, analysts at Sanford C. Bernstein cut their price target on shares of BlackBerry from C$22.00 to C$15.00 in a research note to investors on Monday, May 20th.

Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$13.99.

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

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