Shares of Switch Inc (NYSE:SWCH) have been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.83.

Several research firms have commented on SWCH. Raymond James Financial began coverage on shares of Switch in a report on Tuesday, October 31st. They set a “market perform” rating for the company. Goldman Sachs Group began coverage on shares of Switch in a report on Tuesday, October 31st. They set a “neutral” rating for the company. Citigroup began coverage on shares of Switch in a report on Tuesday, October 31st. They set a “neutral” rating and a $22.00 price objective for the company. Credit Suisse Group set a $22.00 price objective on shares of Switch and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Switch in a report on Tuesday, October 31st. They set an “overweight” rating and a $22.00 price objective for the company.

Switch (NYSE:SWCH) traded up $0.09 on Thursday, hitting $15.74. 840,357 shares of the company’s stock traded hands, compared to its average volume of 801,617. Switch has a twelve month low of $14.06 and a twelve month high of $24.90. The company has a market cap of $3,970.00 and a P/E ratio of 112.43. The company has a debt-to-equity ratio of 5.18, a current ratio of 0.34 and a quick ratio of 0.34.

Switch (NYSE:SWCH) last released its quarterly earnings data on Monday, November 13th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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. Switch’s revenue 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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Switch during the 4th quarter valued at about $121,000. FNY Managed Accounts LLC purchased a new stake in shares of Switch during the 4th quarter valued at about $181,000. California Public Employees Retirement System purchased a new stake in shares of Switch during the 4th quarter valued at about $273,000. Quadrature Capital Ltd purchased a new stake in shares of Switch during the 4th quarter valued at about $301,000. Finally, Advisory Research Inc. purchased a new stake in shares of Switch during the 4th quarter valued at about $305,000. Hedge funds and other institutional investors own 0.35% of the company’s stock.

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Switch Company Profile

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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