Lenovo Group (OTCMKTS:LNVGY – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.
Lenovo Group Stock Up 4.5%
Lenovo Group stock opened at $50.72 on Wednesday. The firm has a market cap of $31.46 billion, a PE ratio of 18.31, a P/E/G ratio of 1.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96. The firm’s 50 day moving average price is $29.85 and its two-hundred day moving average price is $26.21. Lenovo Group has a twelve month low of $21.00 and a twelve month high of $50.79.
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 the consensus estimate of $0.54 by $0.28. The firm had revenue of $21.59 billion for the quarter, compared to analyst estimates of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 28.52%. On average, research analysts predict that Lenovo Group will post 2.69 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.
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