21Vianet Group (VNET) Rating Increased to Buy at BidaskClub

21Vianet Group (NASDAQ:VNET) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, December 16th.

VNET has been the topic of a number of other research reports. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th. ValuEngine upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.

Shares of 21Vianet Group (NASDAQ VNET) traded up $0.20 during midday trading on Friday, hitting $8.89. 252,537 shares of the stock traded hands, compared to its average volume of 760,742. The company has a market capitalization of $967.66, a P/E ratio of -11.11 and a beta of 1.42. 21Vianet Group has a 52-week low of $4.17 and a 52-week high of $9.42. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.63.

A number of institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its position in 21Vianet Group by 37.6% during the third quarter. California Public Employees Retirement System now owns 160,196 shares of the information technology services provider’s stock valued at $912,000 after purchasing an additional 43,796 shares during the period. Dimensional Fund Advisors LP increased its holdings in 21Vianet Group by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,084,143 shares of the information technology services provider’s stock valued at $6,167,000 after buying an additional 65,275 shares during the last quarter. Westpac Banking Corp purchased a new stake in 21Vianet Group during the third quarter valued at approximately $426,000. Penserra Capital Management LLC increased its holdings in 21Vianet Group by 74.9% during the third quarter. Penserra Capital Management LLC now owns 136,843 shares of the information technology services provider’s stock valued at $778,000 after buying an additional 58,608 shares during the last quarter. Finally, Pictet Asset Management Ltd. purchased a new stake in 21Vianet Group during the third quarter valued at approximately $262,000. Institutional investors own 19.66% of the company’s stock.

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21Vianet Group Company Profile

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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