Lenovo Group (OTCMKTS:LNVGY) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a buy rating to a hold rating in a research report report published on Wednesday, Zacks.com 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. “

LNVGY has been the topic of several other research reports. JPMorgan Chase & Co. upgraded Lenovo Group from a neutral rating to an overweight rating in a report on Thursday, January 14th. Credit Suisse Group upgraded 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 current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. Lenovo Group has a twelve month low of $10.24 and a twelve month high of $28.80. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.78 and a beta of 1.26. The firm has a 50-day moving average of $25.93 and a two-hundred day moving average of $19.35.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data 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 return on equity of 19.35% and a net margin of 1.57%. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $15.89 billion. As a group, research analysts predict that Lenovo Group will post 1.85 earnings per share 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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