Shares of 21Vianet Group Inc. (NASDAQ:VNET) were up 4% during trading on Monday . The stock traded as high as $10.32 and last traded at $9.92, with a volume of 994,334 shares trading hands. The stock had previously closed at $9.54.

Several analysts have commented on VNET shares. Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, March 18th. Morgan Stanley started coverage on shares of 21Vianet Group in a research report on Friday, July 8th. They set an “underweight” rating and a $8.00 target price for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.00.

The company’s 50 day moving average price is $11.73 and its 200-day moving average price is $17.19. The stock’s market capitalization is $896.81 million.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Thursday, May 26th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. The firm earned $133.70 million during the quarter. 21Vianet Group’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. On average, equities analysts expect that 21Vianet Group Inc. will post ($2.33) earnings per share for the current year.

A hedge fund recently raised its stake in 21Vianet Group stock. Morgan Stanley increased its position in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 180.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,561 shares of the company’s stock after buying an additional 708,308 shares during the period. Morgan Stanley owned 1.26% of 21Vianet Group worth $23,265,000 at the end of the most recent reporting period.

21Vianet Group, Inc is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology.

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