21Vianet Group (VNET) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of 21Vianet Group from a sell rating to a hold rating in a report on Wednesday, December 6th. Morgan Stanley raised shares of 21Vianet Group from an equal weight rating to an overweight rating and upped their target price for the company from $6.30 to $9.50 in a report on Wednesday, October 4th.

Shares of 21Vianet Group (NASDAQ VNET) traded up $0.19 during trading hours on Friday, hitting $9.16. 901,209 shares of the stock were exchanged, compared to its average volume of 959,635. 21Vianet Group has a 1-year low of $4.17 and a 1-year high of $9.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.74 and a quick ratio of 1.74.

Several large investors have recently made changes to their positions in the company. FIL Ltd raised its holdings in shares of 21Vianet Group by 143.0% in the second quarter. FIL Ltd now owns 2,830,776 shares of the information technology services provider’s stock valued at $14,210,000 after buying an additional 1,666,003 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in 21Vianet Group by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,084,143 shares of the information technology services provider’s stock worth $6,167,000 after purchasing an additional 65,275 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new position in 21Vianet Group during the third quarter worth about $3,750,000. State Street Corp raised its holdings in 21Vianet Group by 12.8% during the second quarter. State Street Corp now owns 261,883 shares of the information technology services provider’s stock worth $1,316,000 after purchasing an additional 29,720 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in 21Vianet Group by 37.6% during the third quarter. California Public Employees Retirement System now owns 160,196 shares of the information technology services provider’s stock worth $912,000 after purchasing an additional 43,796 shares in the last quarter. 19.66% of the stock is owned by institutional investors and hedge funds.

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21Vianet Group Company Profile

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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