Lenovo Group (OTCMKTS:LNVGY) Rating Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Lenovo Group (OTCMKTS:LNVGYGet Rating) from an overweight rating to a neutral rating in a research report report published on Wednesday, The Fly reports.

Separately, Zacks Investment Research upgraded shares of Lenovo Group from a sell rating to a hold rating in a report on Tuesday, May 3rd.

Shares of OTCMKTS LNVGY opened at $19.15 on Wednesday. The firm has a market cap of $11.53 billion, a PE ratio of 6.67, a P/E/G ratio of 0.33 and a beta of 0.98. Lenovo Group has a 12-month low of $17.76 and a 12-month high of $35.94. The company’s fifty day simple moving average is $20.26 and its 200 day simple moving average is $21.16. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.69.

Lenovo Group (OTCMKTS:LNVGYGet Rating) last issued its earnings results on Wednesday, February 23rd. The technology company reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $20.13 billion for the quarter, compared to analyst estimates of $18.74 billion. Lenovo Group had a net margin of 2.66% and a return on equity of 44.98%. On average, equities analysts predict that Lenovo Group will post 3.55 earnings per share for the current year.

Lenovo Group Company Profile (Get Rating)

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group and Data Center Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.

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