21Vianet Group Inc (NASDAQ:VNET) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Having a price of $8.58, 21Vianet Group Inc (NASDAQ:VNET) traded 1.92% lower on the day. The last stock close is down 42.41% relative to the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same period. The company has registered a 50-day moving average of $9.41 and two hundred day moving average of $14.20. Volume of trade was was down over the average, with 438,487 shares of VNET changing hands under the typical 1,569,690 shares.
Zacks Investment Research has downgraded 21Vianet Group Inc(NASDAQ:VNET) to Sell in a statement released Saturday August 20 2016.
On 8/17/2016, JP Morgan released a statement on 21Vianet Group Inc(NASDAQ:VNET) dropped the target price from $21.00 to $5.60. At the time, this suggested a downside of -0.39%.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 2 analysts have released a research note on 21Vianet Group Inc. The average target is $18.40 with one firm rating the company a strong buy, two firms rating the stock a buy, two firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the stock as sell.
21Vianet Group Inc has a 52 week low of $8.05 and a 52 week high of $21.32 . The company’s market capitalization is currently $0.0.
About 21Vianet Group Inc (NASDAQ:VNET)
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. The Company provides value-added services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container-based data center service. The Company’s service offerings include hosting and related services, and managed network services. The Company provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and and offers other hosting related value-added services.
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