Lenovo Group (OTCMKTS:LNVGY) Stock Rating Upgraded by Zacks Research

Lenovo Group (OTCMKTS:LNVGY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Lenovo Group Price Performance

OTCMKTS:LNVGY opened at $50.72 on Wednesday. The stock has a market cap of $31.46 billion, a P/E ratio of 18.31, a PEG ratio of 1.76 and a beta of 0.78. Lenovo Group has a one year low of $21.00 and a one year high of $50.79. The company has a fifty day moving average price of $29.85 and a 200 day moving average price of $26.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.54 by $0.28. The firm had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 28.52%. Analysts anticipate that Lenovo Group will post 2.69 earnings per share for the current 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.