Lenovo Group (OTCMKTS:LNVGY) Upgraded at Zacks Research

Lenovo Group (OTCMKTS:LNVGY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, JPMorgan Chase & Co. lowered shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. Two equities 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 Stock Up 1.1%

LNVGY stock opened at $24.22 on Tuesday. The stock has a market cap of $14.85 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.56 and a beta of 0.66. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $23.74 and its two-hundred day simple moving average is $26.79. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The company had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. Analysts expect that Lenovo Group will post 2.06 EPS 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.