Equities research analysts at Bank of America began coverage on shares of 21Vianet Group (NASDAQ:VNET) in a note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the information technology services provider’s stock.

Other analysts have also issued research reports about the company. Zacks Investment Research raised 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Saturday, August 18th. ValuEngine raised 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, BidaskClub raised 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. 21Vianet Group has a consensus rating of “Buy” and an average target price of $10.25.

Shares of VNET stock opened at $8.55 on Tuesday. 21Vianet Group has a 52 week low of $5.01 and a 52 week high of $11.54. The firm has a market capitalization of $999.10 million, a P/E ratio of -35.63 and a beta of 2.03. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.54.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings results on Thursday, August 16th. The information technology services provider reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). 21Vianet Group had a positive return on equity of 2.05% and a negative net margin of 18.44%. The company had revenue of $125.18 million during the quarter. sell-side analysts anticipate that 21Vianet Group will post 0.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in 21Vianet Group in the second quarter worth $104,000. FNY Investment Advisers LLC bought a new position in 21Vianet Group in the second quarter worth $106,000. Royal Bank of Canada raised its holdings in 21Vianet Group by 76.5% in the first quarter. Royal Bank of Canada now owns 26,533 shares of the information technology services provider’s stock worth $183,000 after purchasing an additional 11,501 shares in the last quarter. Virtu Financial LLC raised its holdings in 21Vianet Group by 34.6% in the second quarter. Virtu Financial LLC now owns 20,857 shares of the information technology services provider’s stock worth $202,000 after purchasing an additional 5,357 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in 21Vianet Group by 226.4% in the first quarter. Cubist Systematic Strategies LLC now owns 34,586 shares of the information technology services provider’s stock worth $240,000 after purchasing an additional 23,991 shares in the last quarter. Institutional investors and hedge funds own 30.52% of the company’s stock.

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.

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