21Vianet Group (VNET) Downgraded by BidaskClub

21Vianet Group (NASDAQ:VNET) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

VNET has been the topic of several other research reports. ValuEngine cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th.

Shares of 21Vianet Group (VNET) opened at $8.42 on Thursday. The stock has a market cap of $940.81, a P/E ratio of -10.40 and a beta of 1.42. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.63. 21Vianet Group has a 1 year low of $4.17 and a 1 year high of $9.42.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings data on Tuesday, December 5th. The information technology services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.06) by $1.93. 21Vianet Group had a negative net margin of 57.80% and a negative return on equity of 3.50%. sell-side analysts expect that 21Vianet Group will post -0.48 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its position in shares of 21Vianet Group by 173.5% during the third quarter. Aperio Group LLC now owns 72,443 shares of the information technology services provider’s stock valued at $412,000 after buying an additional 45,954 shares during the last quarter. Pictet Asset Management Ltd. bought a new stake in shares of 21Vianet Group during the third quarter valued at approximately $262,000. Dimensional Fund Advisors LP raised its position in shares of 21Vianet Group by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,018,868 shares of the information technology services provider’s stock valued at $5,117,000 after buying an additional 363,257 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of 21Vianet Group during the third quarter valued at approximately $426,000. Finally, FIL Ltd raised its position in shares of 21Vianet Group by 143.0% during the second quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock valued at $14,210,000 after buying an additional 1,666,003 shares during the last quarter. Hedge funds and other 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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