BidaskClub Upgrades 21Vianet Group (VNET) to Hold
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.
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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