Lenovo Group (OTCMKTS:LNVGY) Downgraded by Zacks Investment Research

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 Tuesday morning, 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. “

A number of other equities research analysts also recently commented on the company. Goldman Sachs Group raised Lenovo Group from a neutral rating to a buy rating in a report on Thursday, May 23rd. They noted that the move was a valuation call. ValuEngine cut Lenovo Group from a sell rating to a strong sell rating in a research report on Thursday, August 1st.

Lenovo Group stock opened at $13.63 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. Lenovo Group has a 52 week low of $11.58 and a 52 week high of $19.04. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.43 and a beta of 1.63. The stock has a 50-day moving average price of $15.53 and a 200 day moving average price of $16.31.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Thursday, May 23rd. The technology company reported $0.19 EPS for the quarter. Lenovo Group had a return on equity of 17.14% and a net margin of 1.32%. The firm had revenue of $11.71 billion during the quarter. Research analysts anticipate that Lenovo Group will post 1.52 EPS for the current fiscal year.

About Lenovo Group

Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; storage and networking products; memory and processors; rack and power infrastructure; and laptops, desktops, and accessories, as well as operating systems, security, and systems management software.

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