Lenovo Group (OTCMKTS:LNVGY – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Lenovo Group Stock Up 1.1%
OTCMKTS:LNVGY opened at $76.60 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. The company has a market capitalization of $47.51 billion, a price-to-earnings ratio of 74.37 and a beta of 1.14. Lenovo Group has a one year low of $21.00 and a one year high of $89.99. The stock has a 50-day simple moving average of $63.87 and a 200 day simple moving average of $42.91.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.28. Lenovo Group had a return on equity of 34.51% and a net margin of 0.88%.The firm had revenue of $21.59 billion for the quarter, compared to analysts’ expectations of $19.39 billion. Sell-side analysts predict that Lenovo Group will post 4.95 EPS for the current fiscal year.
Lenovo Group Company Profile
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.
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