Lenovo Group (LNVGY) Set to Release Quarterly Earnings on Wednesday

Lenovo Group (OTCMKTS:LNVGY) is projected to post its results before the market opens on Wednesday, November 18th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $27.43 billion for the quarter.

Lenovo Group Price Performance

Shares of Lenovo Group stock opened at $47.70 on Wednesday. The stock has a 50 day moving average of $75.00 and a 200 day moving average of $51.41. Lenovo Group has a 12 month low of $21.00 and a 12 month high of $98.50. The firm has a market cap of $30.59 billion, a PE ratio of 46.31 and a beta of 1.50. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

Separately, Zacks Research downgraded Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Lenovo Group Company Profile

Lenovo Group is a global technology company that develops, manufactures and sells personal computers, smartphones, tablets, servers, storage systems and other connected devices. Its offerings also include software, IT support, and consulting and managed services for businesses and public-sector organizations. Founded in Beijing in 1984 as Legend, the company adopted the Lenovo name in 2004. Its expansion has included the acquisition of IBM’s personal computer business in 2005 and Motorola Mobility’s handset business in 2014.