Zacks Research downgraded shares of Lenovo Group (OTCMKTS:LNVGY – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Lenovo Group Stock Performance
Shares of OTCMKTS LNVGY opened at $76.60 on Thursday. The company has a market capitalization of $47.51 billion, a PE ratio of 74.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The company’s fifty day moving average price is $63.87 and its 200 day moving average price is $42.91. Lenovo Group has a 1 year low of $21.00 and a 1 year high of $89.99.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The company had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a net margin of 0.88% and a return on equity of 34.51%. On average, research analysts predict that Lenovo Group will post 4.95 earnings per share 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.
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