GDS Holdings Ltd – (GDS) Lifted to “Buy” at BidaskClub

GDS Holdings Ltd – (NYSE:GDS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

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

GDS Holdings Ltd – (NYSE:GDS) opened at 15.70 on Wednesday. The firm has a 50 day moving average of $12.80 and a 200-day moving average of $12.75. GDS Holdings Ltd – has a 52-week low of $6.90 and a 52-week high of $16.55. The stock’s market cap is $1.49 billion.

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

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About GDS Holdings Ltd –

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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