Credit Suisse Group set a $22.00 target price on Switch (NYSE:SWCH) in a research report report published on Saturday morning. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. BTIG Research initiated coverage on shares of Switch in a report on Tuesday, October 31st. They issued a buy rating and a $22.00 price target for the company. Jefferies Group initiated coverage on shares of Switch in a report on Tuesday, October 31st. They issued a hold rating for the company. Raymond James Financial initiated coverage on shares of Switch in a report on Tuesday, October 31st. They issued a market perform rating for the company. Wells Fargo & Company initiated coverage on shares of Switch in a report on Tuesday, October 31st. They issued a market perform rating for the company. Finally, Goldman Sachs Group initiated coverage on shares of Switch in a report on Tuesday, October 31st. They issued a neutral rating for the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Switch presently has a consensus rating of Buy and a consensus target price of $22.20.

Shares of Switch (SWCH) opened at $16.81 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18. Switch has a fifty-two week low of $15.77 and a fifty-two week high of $24.90.

Switch (NYSE:SWCH) last announced its quarterly earnings results on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $97.70 million during the quarter, compared to analyst estimates of $95.81 million. Switch’s revenue for the quarter was up 19.6% on a year-over-year basis. research analysts expect that Switch will post 0.02 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a $0.014 dividend. The ex-dividend date is Friday, December 15th.

In related news, insider Erin Thomas Morton acquired 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were acquired at an average cost of $17.00 per share, with a total value of $5,100,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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About Switch

Switch, Inc is a technology infrastructure company. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services, and content ecosystems. The Company designs, constructs and operates hyperscale data centers that address the growing challenges facing the data center industry.

Analyst Recommendations for Switch (NYSE:SWCH)

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