ValuEngine Lowers Lenovo Group (OTCMKTS:LNVGY) to Strong Sell

Lenovo Group (OTCMKTS:LNVGY) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the stock. Goldman Sachs Group raised shares of Lenovo Group from a “neutral” rating to a “buy” rating in a research report on Thursday, May 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Lenovo Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, May 28th.

Shares of LNVGY stock traded down $0.95 during trading hours on Thursday, hitting $15.26. 36,542 shares of the company were exchanged, compared to its average volume of 39,045. The company has a 50 day moving average of $15.73. The company has a quick ratio of 0.66, a current ratio of 0.82 and a debt-to-equity ratio of 0.59. Lenovo Group has a 52 week low of $10.63 and a 52 week high of $19.04. The stock has a market cap of $8.48 billion, a P/E ratio of 15.42 and a beta of 1.61.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter. Lenovo Group had a net margin of 1.17% and a return on equity of 14.66%. The company had revenue of $11.71 billion during the quarter. As a group, sell-side analysts forecast that Lenovo Group will post 1.54 earnings per share for the current fiscal year.

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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