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Avian Upgrades RIM (RIMM) to Positive Ahead of Q1 Results

June 16, 2011 9:26 AM EDT
Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 5 | New: 5
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An analyst at Avian Securities upgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Neutral to Positive Thursday morning ahead of the BlackBerry-maker's Q1 results, due out after the market close.

In pre-market action, Research In Motion shares are up 0.2 percent to $35.25.

Notably, shares of RIM hit a fresh 52-week low Wednesday at $34.91. The stock has not been below $35 since the end of 2006.

A consensus of Wall Street analysts sees RIM reporting quarterly earnings of $1.32 per share on sales of $5.15 billion.

For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.


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