Lenovo Group Ltd. (OTCMKTS:LNVGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $15.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 14.16% from the stock’s current price.

According to Zacks, “Lenovo Group Limited is a personal technology company. The Company is dedicated to building PCs and mobile internet devices. Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. Lenovo Group Limited is based in Quarry Bay, Hong Kong. “

Lenovo Group (OTCMKTS:LNVGY) opened at 13.14 on Wednesday. Lenovo Group has a 12 month low of $11.31 and a 12 month high of $22.44. The company has a 50 day moving average price of $13.38 and a 200 day moving average price of $13.45. The firm’s market capitalization is $7.30 billion.

About Lenovo Group

Lenovo Group Limited develops, manufactures and markets technology products and services. The Company’s portfolio of products and services covers personal computers (PCs), including the Think and multimode YOGA brands; workstations; servers; storage; smart televisions, and a family of mobile products, such as smartphones (including Motorola), tablets and applications.

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