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

VNET has been the subject of a number of other research reports. Zacks Investment Research downgraded 21Vianet Group from a hold rating to a strong sell rating in a report on Saturday, August 24th. TheStreet lowered 21Vianet Group from a c- rating to a d+ rating in a research report on Tuesday, August 20th. Finally, ValuEngine raised 21Vianet Group from a sell rating to a hold rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $11.00.

Shares of VNET stock opened at $8.62 on Friday. The firm’s 50 day moving average price is $7.46 and its two-hundred day moving average price is $7.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.28 and a current ratio of 2.28. 21Vianet Group has a 52-week low of $6.60 and a 52-week high of $11.98. The stock has a market cap of $943.16 million, a PE ratio of -35.92 and a beta of 1.15.

21Vianet Group (NASDAQ:VNET) last issued its earnings results on Monday, August 19th. The information technology services provider reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10). The business had revenue of $129.36 million for the quarter, compared to the consensus estimate of $129.40 million. 21Vianet Group had a negative net margin of 6.76% and a negative return on equity of 3.43%. As a group, sell-side analysts predict that 21Vianet Group will post -0.05 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in VNET. FIL Ltd increased its position in shares of 21Vianet Group by 17.3% in the 1st quarter. FIL Ltd now owns 6,336,126 shares of the information technology services provider’s stock valued at $50,309,000 after buying an additional 932,763 shares in the last quarter. Morgan Stanley grew its stake in 21Vianet Group by 1.1% in the second quarter. Morgan Stanley now owns 5,869,625 shares of the information technology services provider’s stock valued at $45,724,000 after acquiring an additional 63,706 shares during the period. Vanguard Group Inc. grew its stake in 21Vianet Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 2,901,200 shares of the information technology services provider’s stock valued at $22,601,000 after acquiring an additional 43,901 shares during the period. Sylebra Capital Ltd increased its holdings in shares of 21Vianet Group by 62.8% in the second quarter. Sylebra Capital Ltd now owns 2,674,318 shares of the information technology services provider’s stock worth $20,833,000 after acquiring an additional 1,031,815 shares in the last quarter. Finally, Dalton Investments LLC increased its holdings in shares of 21Vianet Group by 8.4% in the second quarter. Dalton Investments LLC now owns 1,539,377 shares of the information technology services provider’s stock worth $11,992,000 after acquiring an additional 118,917 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.

21Vianet Group Company Profile

21Vianet Group, Inc provides carrier and cloud-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.

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