GDS Holdings Ltd – (GDS) Downgraded by BidaskClub

BidaskClub cut shares of GDS Holdings Ltd – (NYSE:GDS) from a buy rating to a hold rating in a research report released on Thursday morning.

Separately, Royal Bank Of Canada reiterated a buy rating and issued a $14.00 target price on shares of GDS Holdings Ltd – in a research note on Friday, July 7th.

Shares of GDS Holdings Ltd – (NYSE GDS) opened at 15.45 on Thursday. The firm’s market cap is $1.47 billion. The stock has a 50 day moving average of $12.59 and a 200 day moving average of $12.59. GDS Holdings Ltd – has a 52-week low of $6.90 and a 52-week high of $16.55.

GDS Holdings Ltd – (NYSE:GDS) last posted its earnings results on Tuesday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). The business had revenue of $336.21 million during the quarter, compared to analyst estimates of $316.05 million. GDS Holdings Ltd – had a negative net margin of 22.52% and a negative return on equity of 10.40%. GDS Holdings Ltd -‘s revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($5.32) earnings per share. Equities analysts predict that GDS Holdings Ltd – will post ($0.44) EPS for the current fiscal year.

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GDS Holdings Ltd – Company Profile

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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