21Vianet Group (NASDAQ:VNET) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of 21Vianet Group (NASDAQ:VNET) from a sell rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

Several other research firms have also weighed in on VNET. BidaskClub raised 21Vianet Group from a strong sell rating to a sell rating in a report on Thursday. Zacks Investment Research raised 21Vianet Group from a sell rating to a hold rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $11.00.

VNET stock traded up $0.26 during trading on Thursday, hitting $7.50. 206,616 shares of the company’s stock were exchanged, compared to its average volume of 418,069. The firm’s 50-day moving average price is $7.53. The firm has a market capitalization of $824.56 million, a PE ratio of -31.25 and a beta of 1.18. 21Vianet Group has a 52-week low of $6.60 and a 52-week high of $11.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.97.

21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings data on Thursday, May 16th. The information technology services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). 21Vianet Group had a negative net margin of 6.69% and a negative return on equity of 1.72%. The firm had revenue of $129.91 million during the quarter, compared to analysts’ expectations of $129.55 million. On average, equities research analysts predict that 21Vianet Group will post -0.09 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new position in 21Vianet Group in the fourth quarter valued at about $263,000. BlackRock Inc. raised its position in shares of 21Vianet Group by 0.6% during the 4th quarter. BlackRock Inc. now owns 1,419,068 shares of the information technology services provider’s stock valued at $12,261,000 after buying an additional 7,768 shares in the last quarter. Stifel Financial Corp purchased a new position in 21Vianet Group in the 4th quarter worth $921,000. Principal Financial Group Inc. raised its position in 21Vianet Group by 12.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,075 shares of the information technology services provider’s stock worth $130,000 after purchasing an additional 1,700 shares during the period. Finally, Two Sigma Advisers LP raised its position in 21Vianet Group by 55.0% in the 4th quarter. Two Sigma Advisers LP now owns 140,100 shares of the information technology services provider’s stock worth $1,210,000 after purchasing an additional 49,700 shares during the period. Institutional investors own 37.92% of the company’s stock.

About 21Vianet Group

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.

See Also: Cost of Goods Sold (COGS)

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