Switch (NYSE:SWCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $20.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 13.83% from the stock’s current price.

According to Zacks, “Switch, Inc. is a technology infrastructure company. It designs, constructs and operates hyperscale data centers. The Company is developer and operator of the SUPERNAP, data center facilities, and provides colocation, telecommunications, cloud services and content ecosystems. Switch, Inc. is based in LAS VEGAS, United States. “

A number of other equities research analysts have also weighed in on SWCH. Goldman Sachs Group initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “neutral” rating on the stock. Jefferies Group initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Switch in a research note on Tuesday, October 31st. They set an “overweight” rating and a $22.00 target price on the stock. Wells Fargo & Co started coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “market perform” rating on the stock. Finally, Citigroup started coverage on shares of Switch in a research note on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Switch currently has an average rating of “Buy” and an average price target of $21.83.

Shares of Switch (SWCH) opened at $17.57 on Friday. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34. Switch has a 52 week low of $15.77 and a 52 week high of $24.90.

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

In other Switch news, insider Erin Thomas Morton acquired 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were acquired 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 Securities & Exchange Commission, which is available through 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.

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