Lenovo Group Ltd. (LNVGY) Raised to Hold at Zacks Investment Research
Lenovo Group Ltd. (OTCMKTS:LNVGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
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. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. Lenovo Group Limited is based in Quarry Bay, Hong Kong. “
Shares of Lenovo Group (OTCMKTS:LNVGY) traded up 1.70% during midday trading on Friday, reaching $11.64. The company’s stock had a trading volume of 9,633 shares. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 22.38 and a beta of 1.04. Lenovo Group has a 52-week low of $10.51 and a 52-week high of $13.90. The stock has a 50 day moving average price of $10.96 and a 200-day moving average price of $12.14.
Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Thursday, August 17th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). The business had revenue of $10.01 billion during the quarter. Lenovo Group had a return on equity of 8.01% and a net margin of 0.67%. Equities research analysts expect that Lenovo Group will post $1.13 EPS for the current year.
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Lenovo Group Company Profile
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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