Switch (SWCH) Rating Increased to Outperform at UBS Group

Switch (NYSE:SWCH) was upgraded by research analysts at UBS Group from a “market perform” rating to an “outperform” rating in a report released on Monday, The Fly reports.

Several other analysts also recently weighed in on the company. Credit Suisse Group set a $22.00 price objective on Switch and gave the company a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded Switch from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Cowen assumed coverage on Switch in a report on Friday, January 19th. They issued an “underweight” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Switch currently has a consensus rating of “Buy” and a consensus target price of $21.83.

Switch (NYSE SWCH) traded up $0.02 during trading hours on Monday, hitting $15.26. The stock had a trading volume of 668,728 shares, compared to its average volume of 786,937. Switch has a fifty-two week low of $13.34 and a fifty-two week high of $24.90. The company has a market capitalization of $3,850.00 and a P/E ratio of 109.00. The company has a debt-to-equity ratio of 5.18, a quick ratio of 0.34 and a current ratio of 0.34.

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in shares of Switch in the fourth quarter valued at about $2,204,000. Wells Fargo & Company MN bought a new position in Switch in the fourth quarter worth about $76,684,000. Shikiar Asset Management Inc. bought a new position in Switch in the fourth quarter worth about $1,157,000. American Assets Capital Advisers LLC bought a new position in Switch in the fourth quarter worth about $720,000. Finally, Buckley Wealth Management LLC bought a new position in Switch in the fourth quarter worth about $692,000. Hedge funds and other institutional investors own 14.07% 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.

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Analyst Recommendations for Switch (NYSE:SWCH)

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