Zacks Investment Research cut shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) from a hold rating to a sell rating in a report issued on Tuesday.
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. “
Shares of Lenovo Group (OTCMKTS:LNVGY) opened at 10.99 on Tuesday. The stock has a market cap of $6.10 billion, a P/E ratio of 21.13 and a beta of 1.05. Lenovo Group has a 12 month low of $10.98 and a 12 month high of $14.15. The company has a 50 day moving average of $12.14 and a 200 day moving average of $12.59.
Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Thursday, August 17th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.16. Lenovo Group had a return on equity of 8.44% and a net margin of 0.67%. The firm had revenue of $10.01 billion during the quarter. Equities research analysts expect that Lenovo Group will post $1.13 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://stocknewstimes.com/2017/08/25/lenovo-group-ltd-lnvgy-cut-to-sell-at-zacks-investment-research.html.
About Lenovo Group
Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.
Get a free copy of the Zacks research report on Lenovo Group (LNVGY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lenovo Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lenovo Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
