August 8, 2017 / 2:45 PM / a year ago

BlackBerry falls after "sell" recommendation from Goldman Sachs

TORONTO, Aug 8 (Reuters) - BlackBerry Ltd shares fell as much as 3.6 percent in Toronto trade on Tuesday after brokerage Goldman Sachs 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.

Reporting by Alastair Sharp; Editing by Jim Finkle

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