Lenovo Group (OTCMKTS:LNVGY) Upgraded at Zacks Research

Zacks Research upgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

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

Lenovo Group Price Performance

Shares of LNVGY opened at $22.96 on Tuesday. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.57 and a beta of 0.66. The firm’s fifty day simple moving average is $23.69 and its 200-day simple moving average is $26.77. Lenovo Group has a twelve month low of $17.84 and a twelve month high of $35.09. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. The firm had revenue of $20.45 billion during the quarter, compared to the consensus estimate of $20.09 billion. Equities analysts forecast that Lenovo Group will post 2.06 EPS for the current fiscal 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.