GDS Holdings Ltd – (GDS) Upgraded to “Buy” by BidaskClub
BidaskClub upgraded shares of GDS Holdings Ltd – (NYSE:GDS) from a hold rating to a buy rating in a research report report published on Tuesday morning.
Separately, Royal Bank Of Canada reissued a buy rating and issued a $14.00 price target on shares of GDS Holdings Ltd – in a research note on Friday, July 7th.
GDS Holdings Ltd – (NYSE:GDS) opened at 11.34 on Tuesday. The firm’s market capitalization is $1.08 billion. GDS Holdings Ltd – has a 52-week low of $7.54 and a 52-week high of $11.92. The stock’s 50 day moving average price is $11.24 and its 200 day moving average price is $9.73.
GDS Holdings Ltd – (NYSE:GDS) last posted its earnings results on Tuesday, August 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $336.21 million during the quarter, compared to the consensus estimate of $316.05 million. GDS Holdings Ltd – had a negative net margin of 22.52% and a negative return on equity of 10.40%. GDS Holdings Ltd -‘s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($5.32) earnings per share. On average, equities analysts anticipate that GDS Holdings Ltd – will post ($0.48) earnings per share for the current fiscal year.
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About GDS Holdings Ltd –
GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.
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