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

Zacks Investment Research upgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a sell rating to a hold rating in a report issued on Wednesday 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. “

Separately, ValuEngine cut Lenovo Group from a hold rating to a sell rating in a report on Thursday, February 6th.

OTCMKTS:LNVGY opened at $13.60 on Wednesday. Lenovo Group has a one year low of $12.44 and a one year high of $19.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.68 and a current ratio of 0.84. The stock has a market cap of $8.27 billion, a PE ratio of 11.97, a P/E/G ratio of 0.60 and a beta of 1.67. The stock has a 50 day moving average price of $14.01 and a 200 day moving average price of $13.97.

Lenovo Group Company Profile

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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