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 research report sent to investors on Wednesday, 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 lowered Lenovo Group from a hold rating to a sell rating in a research report on Thursday, February 6th.

Shares of OTCMKTS LNVGY opened at $13.60 on Wednesday. The firm has a market cap of $8.27 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.60 and a beta of 1.67. The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 0.53. Lenovo Group has a twelve month low of $12.44 and a twelve month high of $19.04. The business has a fifty day simple moving average of $14.01 and a two-hundred day simple moving average 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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