21Vianet Group (NASDAQ:VNET) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Monday, February 4th.
Several other equities research analysts have also weighed in on VNET. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. TheStreet raised shares of 21Vianet Group from a “d+” rating to a “c-” rating in a report on Tuesday, November 13th. Finally, ValuEngine raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.00.
Shares of VNET traded down $0.90 during trading hours on Monday, hitting $8.54. The stock had a trading volume of 1,022,864 shares, compared to its average volume of 305,598. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.15 and a current ratio of 2.15. 21Vianet Group has a 52 week low of $5.01 and a 52 week high of $11.98. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -35.58 and a beta of 1.32.
Large investors have recently modified their holdings of the business. We Are One Seven LLC bought a new stake in 21Vianet Group during the 4th quarter worth about $26,000. Quantamental Technologies LLC bought a new stake in 21Vianet Group during the 4th quarter worth about $29,000. Public Employees Retirement Association of Colorado bought a new stake in 21Vianet Group during the 4th quarter worth about $54,000. Macquarie Group Ltd. bought a new stake in 21Vianet Group during the 4th quarter worth about $88,000. Finally, Jane Street Group LLC bought a new stake in 21Vianet Group during the 2nd quarter worth about $104,000. 33.94% of the stock is currently owned by hedge funds and other institutional investors.
About 21Vianet Group
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.
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