Investors would love to hear that BlackBerry Ltd (NASDAQ:BBRY), is making nice progress in its turnaround. However, everything is not turning around so fast for the embattled pioneer smartphone maker, at least going by the latest data that assessed the U.S. mobile operating system market. The company’s CEO John Chen recently stated that he expects BlackBerry to enter cash breakeven this year and profitability by next year. Moreover, the CEO stressed that the company currently enjoys solid cash position that makes it capable of financing its turnaround. Nonetheless, the popularity of BlackBerry OS faltered in the U.S. in the past quarter, according to the data provided by Nielsen. The company lost ground to Windows Phone. Therefore, BlackBerry Ltd (NASDAQ:BBRY) controls 2 percent of the U.S. mobile OS market whileMicrosoft Corporation (NASDAQ:MSFT) controls 3 percent of the U.S. phone OS market. These numbers place Microsoft and BlackBerry at positions three and four respectively. The two companies have in the recent years tried to work their way to the top with little success. Android and iOS remain the dominant mobile operating systems in the U.S. Android is a product of Google Inc (NASDAQ:GOOG) while iOS is a product of Apple Inc (NASDAQ:AAPL). Android enjoys the top spot in the U.S. mobile platform market at 52 percent while iOS comes in second at 42 percent. There seems to be a thin margin between the two giants in the U.S. and analysts believe that Apple could narrow the gap with the release of its enhanced-display iPhone devices that are expected later this year. BlackBerry Ltd (NASDAQ:BBRY), shares after opening at $7.33 moved to $7.36 on last trade day and at the end of the day closed at $7.28. Company price to sales ratio in past twelve months was calculated as 0.30 and price to cash ratio as 1.40. BlackBerry Ltd (NASDAQ:BBRY), showed a positive weekly performance of 1.82%.
Oi SA (ADR) (NYSE:OIBR), Brazil is in a unique position in the telecommunications industry with access to the considerable growth in mobile that has spread throughout the world as of late. Although Brazil is currently fourth in the number of mobile phones in the world, the country sports a relatively high 136 mobile phones per 100 citizens, which is higher than the three countries in front of Brazil (China, India, and the US). Further, mobile growth is only expected to increase as Brazil’s middle class sees increasing wealth and therefore higher smartphone penetration. Presently, Brazil is the world’s 7th largest economy with GDP of approximately $2.2 trillion annually. One of the companies that has and should continue to capitalize on the growth potential in Brazil is Oi S.A. Oi S.A. (OIBR), through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and government agencies in Brazil. The company operates in three segments: fixed-line and data transmission services (i.e. local and long distance services); mobile services (i.e. voice, text, and data applications); and other services (i.e. internet access services, online advertising, television services, etc.). The company is one of the principal telecom service providers in Brazil with approximately 75 million revenue generating units (RGUs). According to ANATEL, the Brazilian agency that regulates and supervises telecommunications in the country, OIBR most recently controlled approximately 41.4% of the Brazilian fixed-line market and 18.6% of the Brazilian mobile telecom market. Further, the company’s mobile network covers areas in which roughly 88.5% of the Brazilian population lives and works. Oi SA (ADR) (NYSE:OIBR), shares fell 5.13% in last trading session and ended the day on $1.11. Oi SA (ADR) (NYSE:OIBR), yearly performance is -53.56%.
JPMorgan Chase & Co. upgraded shares of Gogo Inc (NASDAQ:GOGO), from a neutral rating to an overweight rating in a report released on Thursday, TheFlyOnTheWall.com reports. JPMorgan Chase & Co. currently has $28.00 price objective on the stock. JPMorgan Chase & Co. has also taken action a number of other stocks recently. The firm upgraded shares of Boardwalk Pipeline Partners, LP from an underweight rating to an overweight rating. The firm now has a $18.00 price target on that stock, up previously from $14.00. Also, JPMorgan Chase & Co. reiterated its neutral rating on shares of Ternium S.A.. They have a $29.00 price target on that stock. Finally, JPMorgan Chase & Co. reiterated its neutral rating on shares of Teck Resources Ltd. They have a $25.00 price target on that stock.
Gogo (NASDAQ:GOGO) last released its earnings data on Thursday, March 13th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.01. The company had revenue of $92.60 million for the quarter, compared to the consensus estimate of $85.68 million. The company’s quarterly revenue was up 45.8% on a year-over-year basis. Analysts expect that Gogo will post $-0.90 EPS for the current fiscal year. Separately, analysts at Evercore Partners upgraded shares of Gogo from an equal weight rating to an overweight rating in a research note on Wednesday, February 19th. They now have a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Gogo currently has an average rating of Hold and a consensus target price of $26.67. Gogo Inc (NASDAQ:GOGO), shares moved down 5.54% in last trading session and was closed at $18.25, while trading in range of $ 17.90 – 18.99. Gogo Inc (NASDAQ:GOGO), year to date (YTD) performance is -26.47%.
Sky-mobi Ltd (ADR) (NASDAQ:MOBI), soared 8.32%, the company recently announced that the Company, through its controlling subsidiary Mopin Technology Co., Ltd., has recently entered into a strategic partnership with the Wo Store of China Unicom, the official application store of China’s second largest mobile operator. Sky-mobi Ltd (ADR) (NASDAQ:MOBI), weekly performance is 0.85%. On last trading day company shares ended up $7.15. Sky-mobi Ltd (ADR) (NASDAQ:MOBI), distance from 50-day simple moving average (SMA50) is -9.39%. Analysts mean target Price for the company is $7.50.
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