Lenovo Group (OTCMKTS:LNVGY – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.
Lenovo Group Stock Up 4.5%
LNVGY stock opened at $50.72 on Wednesday. Lenovo Group has a 52-week low of $21.00 and a 52-week high of $50.79. The company’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $26.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market capitalization of $31.46 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.76 and a beta of 0.78.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. Lenovo Group had a net margin of 2.30% and a return on equity of 28.52%. The business had revenue of $21.59 billion for the quarter, compared to analyst estimates of $19.39 billion. As a group, equities research analysts anticipate that Lenovo Group will post 2.69 EPS for the current year.
About Lenovo Group
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.
See Also
- Five stocks we like better than Lenovo Group
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for Lenovo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lenovo Group and related companies with MarketBeat.com's FREE daily email newsletter.
