21Vianet Group (VNET) Rating Increased to Hold at BidaskClub

21Vianet Group (NASDAQ:VNET) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Thursday, May 24th. ValuEngine raised shares of 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Friday, June 1st.

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VNET traded down $0.96 on Tuesday, reaching $9.23. The company had a trading volume of 87,944 shares, compared to its average volume of 943,913. The company has a market capitalization of $1.09 billion, a P/E ratio of -37.21 and a beta of 2.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.30 and a quick ratio of 2.30. 21Vianet Group has a 52-week low of $4.17 and a 52-week high of $10.96.

21Vianet Group (NASDAQ:VNET) last announced its earnings results on Thursday, May 17th. The information technology services provider reported $0.06 earnings per share for the quarter. The business had revenue of $127.66 million for the quarter. 21Vianet Group had a negative net margin of 18.29% and a positive return on equity of 0.85%. equities analysts anticipate that 21Vianet Group will post -0.04 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP raised its stake in 21Vianet Group by 1,647.4% in the fourth quarter. Two Sigma Investments LP now owns 360,515 shares of the information technology services provider’s stock valued at $2,877,000 after purchasing an additional 339,884 shares in the last quarter. Deutsche Bank AG raised its stake in shares of 21Vianet Group by 5,392.9% during the fourth quarter. Deutsche Bank AG now owns 144,023 shares of the information technology services provider’s stock worth $1,149,000 after acquiring an additional 141,401 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of 21Vianet Group during the fourth quarter worth approximately $1,770,000. Geode Capital Management LLC raised its stake in shares of 21Vianet Group by 19.8% during the fourth quarter. Geode Capital Management LLC now owns 40,713 shares of the information technology services provider’s stock worth $324,000 after acquiring an additional 6,728 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of 21Vianet Group during the fourth quarter worth approximately $331,000. 28.27% of the stock is currently owned by institutional investors and hedge funds.

21Vianet Group Company Profile

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.