Lenovo Group (LNVGY) Upgraded to “Overweight” at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a neutral rating to an overweight rating in a research note published on Friday, The Fly reports.
Separately, Zacks Investment Research upgraded shares of Lenovo Group from a hold rating to a buy rating and set a $14.00 price target for the company in a research report on Wednesday, August 22nd.
LNVGY stock traded up $0.16 during trading on Friday, reaching $14.51. 128,704 shares of the company were exchanged, compared to its average volume of 17,315. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 22.64 and a beta of 1.26. Lenovo Group has a twelve month low of $8.97 and a twelve month high of $15.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.63.
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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