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 morning, 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 target price for the company in a research report on Wednesday, August 22nd.

OTCMKTS LNVGY traded up $0.16 during trading on Friday, reaching $14.51. The company’s stock had a trading volume of 128,704 shares, compared to its average volume of 17,315. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $7.92 billion, a P/E ratio of 22.64 and a beta of 1.26. Lenovo Group has a 12 month low of $8.97 and a 12 month high of $15.27.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. The company had revenue of $13.38 billion during the quarter. Lenovo Group had a negative net margin of 0.08% and a positive return on equity of 8.25%. Equities analysts expect that Lenovo Group will post 0.74 EPS for the current year.

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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