Switch (SWCH) Now Covered by Cowen

Analysts at Cowen assumed coverage on shares of Switch (NYSE:SWCH) in a research report issued on Friday. The firm set an “underweight” rating on the stock.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group began coverage on shares of Switch in a report on Tuesday, October 31st. They issued a “neutral” rating on the stock. Wells Fargo & Co started coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “market perform” rating for the company. JPMorgan Chase & Co. started coverage on shares of Switch in a research report on Tuesday, October 31st. They set an “overweight” rating and a $22.00 price objective for the company. Zacks Investment Research downgraded shares of Switch from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, BTIG Research started coverage on shares of Switch in a research report on Tuesday, October 31st. They set a “buy” rating and a $22.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.83.

Shares of Switch (NYSE SWCH) traded down $0.29 during midday trading on Friday, hitting $16.74. 1,170,000 shares of the stock traded hands, compared to its average volume of 982,813. Switch has a one year low of $15.77 and a one year high of $24.90. The stock has a market cap of $4,230.00 and a PE ratio of 119.57. 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 announced its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $95.81 million. Switch’s revenue was up 19.6% on a year-over-year basis. sell-side analysts forecast that Switch will post 0.02 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Switch stock. Schwab Charles Investment Management Inc. purchased a new position in Switch Inc (NYSE:SWCH) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 81,669 shares of the company’s stock, valued at approximately $1,486,000.

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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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