Blackberry Ltd (NASDAQ:BBRY) has launched a low cost touch screen device in Jakarta, Indonesia. The name of the device is Z3 and Blackberry is looking to make a comeback of sorts in an emerging market like Indonesia when the rest of the world is dominated by Apple and Samsung. The brand has entered into a partnership with FIH mobile LTD which is well-known for assembling Apple’s mobile phones and tabs. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is 0.55%. On last trading day company shares ended up $7.33. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -11.61%.
Lukoil (ADR) (OTCMKTS:LUKOY) Overseas reported that a helicopter on contract to the company and operated by the local airline carrier crashed on May 8 in coastal waters offshore Ghana about 3.4 nautical miles from Takoradi. LUKOIL (ADR) (OTCMKTS:LUKOY) shares fell -0.54% in last trading session and ended the day on $55.10.
WallachBeth Capital downgraded shares of Weibo Corp (ADR) (NYSE:WB) from a buy rating to a hold rating in a report issued on Tuesday, Analyst Ratings Net reports. They currently have $2.50 target price on the stock, down from their previous target price of $4.00. Weibo Corp (ADR) (NYSE:WB) shares moved down -2.54% in last trading session and was closed at $19.55, while trading in range of $19.50 – $20.20. Weibo Corp (ADR) (NYSE:WB) year to date (YTD) performance is -3.41%.
State-owned China Telecom Corp Ltd, (ADR) (NYSE:CHA) China’s third-largest carrier, is seeking private investment for new businesses, the official English-language China Daily newspaper reported on Wednesday. “Join ventures and acquisitions are both possible ways for us to cooperate with private firms,” China Daily quoted China Telecom chairman Wang Xiaochu as saying. China Telecom Corporation Limited (ADR) (NYSE:CHA) ended the last trading day at $52.02. Company weekly volatility is calculated as 1.61% and price to cash ratio as 12.47. China Telecom Corp Ltd, (ADR) (NYSE:CHA) showed a positive weekly performance of 0.50%.
China Mobile Ltd, (ADR) (NYSE:CHL) the world’s largest telecom carrier by subscriber base, is slashing prices on 4G mobile data, and other carriers are expected to follow after regulators liberalised telecom prices last week. China Mobile Ltd. (ADR) (NYSE:CHL) ended the last trading day at $48.99. Company weekly volatility is calculated as 1.04% and price to cash ratio as 2.74.China Mobile Ltd. (ADR) (NYSE:CHL) showed a positive weekly performance of 3.55%.
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