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

21Vianet Group (NASDAQ:VNET) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday, January 5th.

A number of other research firms have also commented on VNET. ValuEngine lowered 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley raised 21Vianet Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $6.30 to $9.50 in a research report on Wednesday, October 4th.

Shares of 21Vianet Group (NASDAQ:VNET) opened at $8.62 on Friday. The firm has a market capitalization of $971.06, a PE ratio of -3.38 and a beta of 1.42. 21Vianet Group has a fifty-two week low of $4.17 and a fifty-two 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.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VNET. FIL Ltd raised its position in 21Vianet Group by 143.0% during the 2nd quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock valued at $14,210,000 after purchasing an additional 1,666,003 shares during the last quarter. River & Mercantile Asset Management LLP bought a new position in 21Vianet Group during the 3rd quarter valued at approximately $3,750,000. Dimensional Fund Advisors LP raised its position in 21Vianet Group by 55.4% during the 2nd 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 purchasing an additional 363,257 shares during the last quarter. Westpac Banking Corp bought a new position in 21Vianet Group during the 3rd quarter valued at approximately $426,000. Finally, Bank of Montreal Can raised its position in 21Vianet Group by 128,700.0% during the 4th quarter. Bank of Montreal Can now owns 64,400 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 64,350 shares during the last quarter. 19.74% of the stock is owned by institutional investors and hedge funds.

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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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