21Vianet Group (NASDAQ:VNET) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a sell rating to a hold rating in a research note published on Thursday, BidAskClub reports.

Several other research analysts have also weighed in on VNET. ValuEngine upgraded 21Vianet Group from a hold rating to a buy rating in a research report on Friday, January 3rd. Zacks Investment Research cut 21Vianet Group from a hold rating to a sell rating in a research note on Saturday, November 23rd.

21Vianet Group stock traded down $0.18 during mid-day trading on Thursday, hitting $10.77. The company’s stock had a trading volume of 557,945 shares, compared to its average volume of 630,563. The firm has a market capitalization of $1.07 billion, a PE ratio of -44.88 and a beta of 0.96. 21Vianet Group has a 1 year low of $6.31 and a 1 year high of $11.25. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average is $7.58 and its two-hundred day moving average is $7.72.

21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings data on Monday, November 18th. The information technology services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $137.24 million during the quarter, compared to analysts’ expectations of $138.35 million. 21Vianet Group had a negative return on equity of 5.22% and a negative net margin of 7.64%. On average, equities analysts expect that 21Vianet Group will post -0.28 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in 21Vianet Group by 1.1% during the second quarter. Morgan Stanley now owns 5,869,625 shares of the information technology services provider’s stock worth $45,724,000 after purchasing an additional 63,706 shares in the last quarter. Vanguard Group Inc. lifted its stake in 21Vianet Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 2,901,200 shares of the information technology services provider’s stock worth $22,601,000 after purchasing an additional 43,901 shares in the last quarter. Sylebra Capital Ltd lifted its stake in 21Vianet Group by 2.8% during the third quarter. Sylebra Capital Ltd now owns 2,749,322 shares of the information technology services provider’s stock worth $20,950,000 after purchasing an additional 75,004 shares in the last quarter. Renaissance Technologies LLC lifted its stake in 21Vianet Group by 25.6% during the second quarter. Renaissance Technologies LLC now owns 1,190,567 shares of the information technology services provider’s stock worth $9,275,000 after purchasing an additional 242,800 shares in the last quarter. Finally, Putnam Investments LLC lifted its stake in 21Vianet Group by 2,562.2% during the second quarter. Putnam Investments LLC now owns 857,241 shares of the information technology services provider’s stock worth $6,678,000 after purchasing an additional 825,041 shares in the last quarter. Institutional investors own 39.37% of the company’s stock.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.

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