BidaskClub Downgrades 21Vianet Group (NASDAQ:VNET) to Strong Sell

21Vianet Group (NASDAQ:VNET) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports.

Several other equities research analysts also recently commented on VNET. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. 21Vianet Group presently has an average rating of “Hold” and an average price target of $11.00.

Shares of NASDAQ:VNET traded up $0.02 on Friday, hitting $7.14. 149,800 shares of the company were exchanged, compared to its average volume of 437,578. 21Vianet Group has a 1-year low of $6.60 and a 1-year high of $11.98. The stock has a 50 day moving average price of $7.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $810.02 million, a price-to-earnings ratio of -29.75 and a beta of 1.18.



21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings data on Thursday, May 16th. The information technology services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). 21Vianet Group had a negative return on equity of 1.72% and a negative net margin of 6.69%. The company had revenue of $129.91 million for the quarter, compared to analyst estimates of $129.55 million. On average, sell-side analysts forecast that 21Vianet Group will post -0.09 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FIL Ltd lifted its position in 21Vianet Group by 17.3% during the first quarter. FIL Ltd now owns 6,336,126 shares of the information technology services provider’s stock valued at $50,309,000 after purchasing an additional 932,763 shares during the period. Dalton Investments LLC increased its holdings in 21Vianet Group by 62.6% in the first quarter. Dalton Investments LLC now owns 1,420,460 shares of the information technology services provider’s stock valued at $11,278,000 after buying an additional 547,060 shares in the last quarter. BlackRock Inc. increased its holdings in 21Vianet Group by 0.6% in the fourth 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. Norges Bank purchased a new position in 21Vianet Group in the fourth quarter valued at $10,872,000. Finally, Krane Funds Advisors LLC increased its holdings in 21Vianet Group by 5.8% in the first quarter. Krane Funds Advisors LLC now owns 939,814 shares of the information technology services provider’s stock valued at $7,462,000 after buying an additional 51,350 shares in the last quarter. Institutional investors own 37.93% of the company’s stock.

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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