Lenovo Group (OTCMKTS:LNVGY) Upgraded at Credit Suisse Group

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Credit Suisse Group upgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a neutral rating to an outperform rating in a report released on Monday, The Fly reports.

A number of other equities research analysts also recently commented on LNVGY. Bank of America upgraded Lenovo Group from a neutral rating to a buy rating in a research report on Tuesday, November 3rd. Zacks Investment Research cut Lenovo Group from a buy rating to a sell rating in a research note on Friday, November 6th. Finally, ValuEngine raised Lenovo Group from a strong sell rating to a sell rating in a research note on Saturday, January 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $14.00.

Shares of Lenovo Group stock opened at $22.87 on Monday. Lenovo Group has a one year low of $8.92 and a one year high of $22.93. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.87. The business’s 50 day moving average price is $17.13 and its 200 day moving average price is $13.94.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Lenovo Group had a return on equity of 19.35% and a net margin of 1.57%. The firm had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $13.90 billion. On average, analysts predict that Lenovo Group will post 1.81 EPS for the current fiscal year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. The company also provides laptops, desktops, phones, accessories, monitors, ultrabooks, data center solutions, systems, software, server and storage products, networking products, and replacement parts.

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