21Vianet Group (VNET) Downgraded to “Sell” at Zacks Investment Research

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Zacks Investment Research downgraded shares of 21Vianet Group (NASDAQ:VNET) from a hold rating to a sell rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “21Vianet Group, Inc. operates as a carrier-neutral Internet data center services provider in China. It provides hosting and related services, managed network services and cloud computing infrastructure. The Company’s infrastructure is interconnected with the networks operated by all of China’s telecommunications carriers, major non-carriers and local Internet service providers, or ISPs. 21Vianet Group, Incorporation. Its customers include Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises. 21Vianet Group, Inc. is headquartered in Beijing, the Peoples’ Republic of China. “

Separately, BidaskClub raised shares of 21Vianet Group from a sell rating to a hold rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $11.00.

VNET opened at $7.55 on Thursday. The stock has a market cap of $844.70 million, a P/E ratio of -31.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 2.13. 21Vianet Group has a twelve month low of $7.00 and a twelve month high of $11.98.

21Vianet Group (NASDAQ:VNET) last posted its earnings results on Thursday, May 16th. The information technology services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $129.91 million during the quarter, compared to the consensus estimate of $129.55 million. 21Vianet Group had a negative return on equity of 1.72% and a negative net margin of 6.69%. As a group, analysts anticipate that 21Vianet Group will post -0.05 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. We Are One Seven LLC bought a new position in shares of 21Vianet Group in the fourth quarter worth about $26,000. Quantamental Technologies LLC bought a new position in shares of 21Vianet Group in the fourth quarter worth about $29,000. Cutler Group LP bought a new position in shares of 21Vianet Group in the first quarter worth about $38,000. Public Employees Retirement Association of Colorado bought a new position in shares of 21Vianet Group in the fourth quarter worth about $54,000. Finally, Macquarie Group Ltd. bought a new position in shares of 21Vianet Group in the fourth quarter worth about $88,000. 36.48% of the stock is owned by hedge funds and other 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.

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