Lenovo Group Limited (LNVGY) Stock Rating Lowered by Zacks Investment Research
Lenovo Group Limited (OTCMKTS:LNVGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, August 22nd.
According to Zacks, “Lenovo Group Limited is a personal technology company. The Company is dedicated to building PCs and mobile internet devices. Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones.”
Shares of Lenovo Group Limited (OTCMKTS:LNVGY) traded up 0.28% during trading on Tuesday, hitting $10.68. 33,986 shares of the stock were exchanged. The stock has a market cap of $5.93 billion, a PE ratio of 20.54 and a beta of 1.04. The firm has a 50 day moving average of $11.85 and a 200-day moving average of $12.47. Lenovo Group Limited has a 52-week low of $10.64 and a 52-week high of $14.15.
Lenovo Group Limited (OTCMKTS:LNVGY) last announced its quarterly earnings results on Thursday, August 17th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.16. Lenovo Group Limited had a negative return on equity of 7.07% and a negative net margin of 0.54%. The business had revenue of $10.01 billion during the quarter. Equities research analysts anticipate that Lenovo Group Limited will post $1.13 earnings per share for the current fiscal year.
About Lenovo Group Limited
Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.
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