Switch (SWCH) Stock Rating Upgraded by Zacks Investment Research
Switch (NYSE:SWCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $20.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.89% from the stock’s previous close.
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. “
SWCH has been the topic of a number of other research reports. Raymond James Financial initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They issued a “market perform” rating on the stock. Jefferies Group initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Credit Suisse Group set a $22.00 price target on shares of Switch and gave the company a “buy” rating in a research note on Thursday, November 30th. Citigroup initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of Switch in a research note on Tuesday, October 31st. They issued an “outperform” rating and a $23.00 price target on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.83.
Switch (NYSE:SWCH) traded down $0.65 during trading on Thursday, hitting $17.11. 642,100 shares of the stock traded hands, compared to its average volume of 821,914. The firm has a market cap of $4,320.00 and a price-to-earnings ratio of 122.21. Switch has a one year low of $15.77 and a one year high of $24.90. 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 (NYSE:SWCH) last announced its quarterly earnings results on Monday, November 13th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $95.81 million. The company’s quarterly revenue was up 19.6% on a year-over-year basis. sell-side analysts anticipate that Switch will post 0.02 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/switch-swch-stock-rating-upgraded-by-zacks-investment-research/1803033.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with Analyst Ratings Network's FREE daily email newsletter.