UBS Group upgraded shares of Switch (NYSE:SWCH) from a market perform rating to an outperform rating in a research report report published on Monday, The Fly reports.
SWCH has been the subject of a number of other research reports. Credit Suisse Group set a $22.00 target price on shares of Switch and gave the company a buy rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Switch from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Friday, January 5th. Finally, Cowen initiated coverage on shares of Switch in a research report on Friday, January 19th. They issued an underweight rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $21.83.
Switch (NYSE:SWCH) opened at $14.98 on Monday. 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 has a 12-month low of $13.34 and a 12-month high of $24.90.
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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