Lenovo Group (OTCMKTS: LNVGY) has recently received a number of price target changes and ratings updates:

  • 8/20/2019 – Lenovo Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/8/2019 – Lenovo Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. 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. “
  • 8/6/2019 – Lenovo Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/1/2019 – Lenovo Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

Shares of OTCMKTS:LNVGY traded down $0.21 on Thursday, reaching $13.53. The company’s stock had a trading volume of 1,524 shares, compared to its average volume of 23,039. Lenovo Group Limited has a 52-week low of $11.58 and a 52-week high of $19.04. The company has a market cap of $7.51 billion, a P/E ratio of 13.67, a PEG ratio of 0.43 and a beta of 1.63. The company has a 50-day simple moving average of $15.57 and a 200 day simple moving average of $16.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.66 and a current ratio of 0.82.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.19 EPS for the quarter. Lenovo Group had a net margin of 1.32% and a return on equity of 17.14%. The business had revenue of $11.71 billion during the quarter. On average, equities research analysts forecast that Lenovo Group Limited will post 1.52 EPS for the current fiscal year.

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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