BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts also recently issued reports on VNET. ValuEngine upgraded 21Vianet Group from a hold rating to a buy rating in a research note on Friday, June 1st. Zacks Investment Research upgraded 21Vianet Group from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Saturday, August 18th. Finally, Bank of America started coverage on 21Vianet Group in a research note on Tuesday, September 18th. They set a buy rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. 21Vianet Group has a consensus rating of Buy and an average price target of $10.25.

Shares of NASDAQ:VNET opened at $10.20 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -42.50 and a beta of 2.03. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.54. 21Vianet Group has a 1 year low of $5.01 and a 1 year high of $11.54.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Thursday, August 16th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $125.18 million during the quarter. 21Vianet Group had a positive return on equity of 2.05% and a negative net margin of 18.44%. equities analysts forecast that 21Vianet Group will post 0.01 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. FIL Ltd grew its stake in shares of 21Vianet Group by 39.1% during the 1st quarter. FIL Ltd now owns 3,937,019 shares of the information technology services provider’s stock worth $27,283,000 after acquiring an additional 1,106,243 shares during the period. BlackRock Inc. grew its stake in shares of 21Vianet Group by 5.2% during the 2nd quarter. BlackRock Inc. now owns 1,432,273 shares of the information technology services provider’s stock worth $13,892,000 after acquiring an additional 71,335 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of 21Vianet Group by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,144,823 shares of the information technology services provider’s stock worth $7,934,000 after acquiring an additional 54,160 shares during the period. Renaissance Technologies LLC bought a new position in shares of 21Vianet Group during the 2nd quarter worth $8,893,000. Finally, Millennium Management LLC grew its stake in shares of 21Vianet Group by 37.5% during the 1st quarter. Millennium Management LLC now owns 832,763 shares of the information technology services provider’s stock worth $5,771,000 after acquiring an additional 227,158 shares during the period. Institutional investors own 30.52% of the company’s stock.

About 21Vianet Group

21Vianet Group, Inc provides carrier-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; and other hosting related value-added services.

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