21Vianet Group (NASDAQ:VNET) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday, January 5th.

A number of other research analysts have also recently commented on VNET. ValuEngine cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Morgan Stanley upgraded shares of 21Vianet Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $6.30 to $9.50 in a research note on Wednesday, October 4th.

21Vianet Group (NASDAQ VNET) traded down $0.23 during mid-day trading on Friday, reaching $9.24. The company had a trading volume of 589,631 shares, compared to its average volume of 595,628. 21Vianet Group has a fifty-two week low of $4.17 and a fifty-two week high of $9.59. The firm has a market capitalization of $1,057.33, a P/E ratio of -3.18 and a beta of 1.42. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.63.

21Vianet Group (NASDAQ:VNET) last released its earnings results on Tuesday, December 5th. The information technology services provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.06) by $1.93. 21Vianet Group had a negative return on equity of 3.50% and a negative net margin of 57.80%. research analysts predict that 21Vianet Group will post -0.48 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in VNET. FIL Ltd lifted its stake in 21Vianet Group by 143.0% during the second quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock worth $14,210,000 after purchasing an additional 1,666,003 shares during the period. River & Mercantile Asset Management LLP bought a new position in 21Vianet Group during the third quarter worth about $3,750,000. Dimensional Fund Advisors LP lifted its stake in 21Vianet Group by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,018,868 shares of the information technology services provider’s stock worth $5,117,000 after purchasing an additional 363,257 shares during the period. Westpac Banking Corp bought a new position in 21Vianet Group during the third quarter worth about $426,000. Finally, Bank of Montreal Can lifted its stake in 21Vianet Group by 128,700.0% during the fourth quarter. Bank of Montreal Can now owns 64,400 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 64,350 shares during the period. Hedge funds and other institutional investors own 19.27% of the company’s stock.

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21Vianet Group Company Profile

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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