Zacks Investment Research lowered shares of Lenovo Group (OTCMKTS:LNVGY) from a buy rating to a hold rating in a report released on Wednesday morning, reports.

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. “

A number of other brokerages have also recently issued reports on LNVGY. JPMorgan Chase & Co. upgraded shares of Lenovo Group from a neutral rating to an overweight rating in a research report on Thursday, January 14th. Credit Suisse Group upgraded shares of Lenovo Group from a neutral rating to an outperform rating in a report on Monday, January 11th.

Shares of OTCMKTS LNVGY opened at $26.44 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26. The firm has a 50-day moving average price of $25.93 and a 200 day moving average price of $19.35. Lenovo Group has a 52 week low of $10.24 and a 52 week high of $28.80.

Lenovo Group (OTCMKTS:LNVGY) last announced its earnings results on Wednesday, February 3rd. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The company had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $15.89 billion. Lenovo Group had a net margin of 1.57% and a return on equity of 19.35%. Equities research analysts expect that Lenovo Group will post 1.85 EPS for the current fiscal year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. The company also provides laptops, desktops, phones, accessories, monitors, ultrabooks, data center solutions, systems, software, server and storage products, networking products, and replacement parts.

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