BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a strong sell rating to a sell rating in a report issued on Tuesday, BidAskClub reports.

Several other equities research analysts also recently weighed in on VNET. ValuEngine downgraded 21Vianet Group from a buy rating to a hold rating in a research report on Friday, May 1st. Goldman Sachs Group assumed coverage on shares of 21Vianet Group in a research report on Tuesday, April 21st. They issued a buy rating and a $17.80 price objective for the company. UBS Group began coverage on shares of 21Vianet Group in a research note on Tuesday, July 14th. They set a buy rating on the stock. Credit Suisse Group began coverage on shares of 21Vianet Group in a research note on Tuesday, June 9th. They issued an outperform rating and a $20.00 target price for the company. Finally, TheStreet raised shares of 21Vianet Group from a d+ rating to a c rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $18.93.

21Vianet Group stock opened at $24.31 on Tuesday. The firm has a fifty day moving average of $24.41 and a 200-day moving average of $16.85. 21Vianet Group has a 52-week low of $6.31 and a 52-week high of $30.44. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.66 billion, a P/E ratio of -63.97 and a beta of 0.31.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings results on Thursday, May 14th. The information technology services provider reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.87). 21Vianet Group had a negative return on equity of 6.23% and a negative net margin of 8.15%. The business had revenue of $154.05 million for the quarter. On average, research analysts expect that 21Vianet Group will post -0.05 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG boosted its stake in shares of 21Vianet Group by 550.4% during the 1st quarter. UBS Group AG now owns 3,447 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 2,917 shares during the last quarter. NorthCoast Asset Management LLC acquired a new stake in 21Vianet Group in the first quarter valued at $139,000. Cornerstone Investment Partners LLC bought a new position in 21Vianet Group during the 1st quarter valued at $147,000. Cubist Systematic Strategies LLC acquired a new position in 21Vianet Group during the 4th quarter worth $166,000. Finally, Jane Street Group LLC acquired a new position in 21Vianet Group during the 1st quarter worth $189,000. 39.96% of the stock is currently owned by institutional investors.

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.

Featured Article: Liquidity

Analyst Recommendations for 21Vianet Group (NASDAQ:VNET)

Receive News & Ratings for 21Vianet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group and related companies with MarketBeat.com's FREE daily email newsletter.