Lenovo Group (OTCMKTS:LNVGY) Upgraded by Zacks Research to “Hold” Rating

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

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

Lenovo Group Trading Up 1.1%

Shares of LNVGY stock opened at $24.22 on Tuesday. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $23.74 and a 200-day simple moving average of $26.79.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. On average, equities research analysts expect 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.