Lenovo Group (OTCMKTS:LNVGY) Rating Lowered to Hold at Zacks Investment Research
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. “
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Lenovo Group from a “neutral” rating to an “overweight” rating in a 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.
Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Wednesday, February 3rd. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. Lenovo Group had a net margin of 1.57% and a return on equity of 19.35%. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $15.89 billion. On average, analysts anticipate that Lenovo Group will post 1.85 EPS for the current 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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