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BlackBerry falls after 'sell' recommendation from Goldman Sachs

Published 08/08/2017, 10:46 AM
Updated 08/08/2017, 10:50 AM
© Reuters. FILE PHOTO: A Blackberry smartphone is displayed in this illustrative picture taken in Bordeaux
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TORONTO (Reuters) - BlackBerry Ltd (TO:BB) shares fell as much as 3.6 percent in Toronto trade on Tuesday after brokerage Goldman Sachs (NYSE:GS) issued a "sell" recommendation on the stock, citing concerns about rising competition in its core mobile messaging business.

The stock traded as low as C$11.52 in Toronto morning trade on Tuesday, a day after Goldman issued the report.

Canadian markets were closed on Monday for a national holiday.

BlackBerry's U.S.-listed shares fell 3.6 percent on Monday. They were little changed on Tuesday, rising 0.3 percent.

© Reuters. FILE PHOTO: A Blackberry smartphone is displayed in this illustrative picture taken in Bordeaux

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