Switch (SWCH) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about Switch (NYSE:SWCH) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Switch earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.6041026612647 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have issued reports on the company. Raymond James Financial, Inc. assumed coverage on Switch in a research note on Tuesday, October 31st. They set a “market perform” rating for the company. BTIG Research assumed coverage on Switch in a research note on Tuesday, October 31st. They set a “buy” rating and a $22.00 price target for the company. William Blair assumed coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “outperform” rating on the stock. Credit Suisse Group assumed coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “outperform” rating and a $22.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “outperform” rating and a $23.00 target price on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Switch has an average rating of “Buy” and an average price target of $22.20.
Switch (NYSE:SWCH) traded up $0.49 during trading on Friday, hitting $18.95. 1,069,637 shares of the company’s stock traded hands, compared to its average volume of 1,026,871. Switch has a 1 year low of $18.00 and a 1 year high of $24.90.
In related news, insider Erin Thomas Morton purchased 300,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were bought at an average price 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 the SEC website.
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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.
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