Zacks Research Upgrades Lenovo Group (OTCMKTS:LNVGY) to Hold

Lenovo Group (OTCMKTS:LNVGY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. downgraded shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Lenovo Group presently has an average rating of “Hold”.

Lenovo Group Stock Up 1.1%

Shares of Lenovo Group stock opened at $24.22 on Tuesday. The business has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $26.79. The stock has a market cap of $14.85 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.56 and a beta of 0.66. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. Lenovo Group has a 12 month low of $17.84 and a 12 month high of $35.09.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. The firm had revenue of $20.45 billion for the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. Research analysts predict that Lenovo Group will post 2.06 EPS for the current year.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.