Switch (NYSE:SWCH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $20.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 15.81% from the company’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 subject of several other reports. 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 assumed coverage on shares of Switch in a report on Tuesday, October 31st. They set a “neutral” rating for the company. Citigroup assumed coverage on shares of Switch in a report on Tuesday, October 31st. They set a “neutral” rating and a $22.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Switch in a report on Tuesday, October 31st. They set an “overweight” rating and a $22.00 target price for the company. Finally, BMO Capital Markets assumed coverage on shares of Switch in a report on Tuesday, October 31st. They set an “outperform” rating and a $23.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.83.

Switch (NYSE:SWCH) traded down $0.01 on Friday, hitting $17.27. 460,700 shares of the stock traded hands, compared to its average volume of 1,246,367. 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 has a 1 year low of $15.77 and a 1 year high of $24.90.

Switch (NYSE:SWCH) last released its quarterly earnings data on Monday, November 13th. The company reported $0.08 earnings per share 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 analysts’ expectations of $95.81 million. Switch’s revenue for the quarter was up 19.6% compared to the same quarter last year. research analysts predict that Switch will post 0.02 EPS for the current fiscal year.

In other Switch news, insider Erin Thomas Morton bought 300,000 shares of Switch stock in a transaction on Wednesday, October 11th. The stock was acquired at an average cost of $17.00 per share, with a total value of $5,100,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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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.

Analyst Recommendations for Switch (NYSE:SWCH)

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