Lenovo Group (OTCMKTS:LNVGY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Lenovo Group (OTCMKTS:LNVGY) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Lenovo Group Stock Up 0.3%

Shares of Lenovo Group stock traded up $0.06 on Monday, hitting $22.86. The company had a trading volume of 21,661 shares, compared to its average volume of 306,837. The stock has a 50-day moving average of $25.09 and a 200-day moving average of $27.12. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.71. Lenovo Group has a twelve month low of $17.84 and a twelve month high of $35.09. The firm has a market capitalization of $14.18 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.55 and a beta of 0.61.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.60 by $0.15. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. The business had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Research analysts predict that Lenovo Group will post 2.06 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.