NEW YORK (TheStreet) -- Shares of BlackBerry (BBRY) were gaining 2.4% to $11.07 Monday after the smartphone maker announced a new agreement with Sprint (S) - Get Report and new products and services at Mobile World Congress.

As part of the new agreement, Sprint will now offer BlackBerry's BES12 enterprise mobility management solution to its enterprise customers. BES12 lets companies securely manage employees' mobile phones, whether they use BlackBerry devices, iPhones, Android phones, or Windows Phones.

Sprint will also offer BlackBerry's BBM Meetings, BBM Protected, and BlackBerry Blend products to its enterprise customers under the agreement.

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"It's a priority for us to make our enterprise product and services portfolio more robust, and to make value-added service options available to our customers. BlackBerry helps us achieve this goal," Wayne Ward, Vice President, Product & Business Development at Sprint said.

BlackBerry also announced a number of new products and services at the Mobile World Congress trade show in Barcelona. Those announcements include new BBM features such as custom PINs and Android Wear support, a new encrypted calling service for VodafoneGermany (VOD) - Get Report customers, and new BES monitoring software.

The company also announced that its WorkLife and SecuSUITE enterprise services will be integrated into Samsung's (SSNLF) KNOX security suite as part of the two companies' ongoing agreement. The services will be included in the new Samsung Galaxy S6 and Galaxy S6 Edge.

TheStreet Ratings team rates BLACKBERRY LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its relatively poor performance when compared with the S&P 500 during the past year."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• In its most recent trading session, BBRY has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Turning our attention to the future direction of the stock, we do not believe this stock offers ample reward opportunity to compensate for the risks, despite the fact that it rose over the past year.
• The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Computers & Peripherals industry and the overall market, BLACKBERRY LTD's return on equity significantly trails that of both the industry average and the S&P 500.
• The revenue fell significantly faster than the industry average of 30.9%. Since the same quarter one year prior, revenues fell by 33.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
• Despite currently having a low debt-to-equity ratio of 0.50, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that BBRY's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.49 is high and demonstrates strong liquidity.
• BLACKBERRY LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, BLACKBERRY LTD reported poor results of -$11.17 versus -$1.20 in the prior year. This year, the market expects an improvement in earnings (-$0.15 versus -$11.17).
• You can view the full analysis from the report here: BBRY Ratings Report