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

Lenovo Group (OTCMKTS:LNVGY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Lenovo Group Price Performance

Shares of OTCMKTS:LNVGY opened at $24.22 on Tuesday. 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 twelve month low of $17.84 and a twelve month high of $35.09. The stock’s 50 day moving average is $23.74 and its 200-day moving average is $26.79. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.56 and a beta of 0.66.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.15. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. The business had revenue of $20.45 billion during the quarter, compared to the consensus estimate of $20.09 billion. Sell-side 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.