SWCH has been the topic of several other reports. Credit Suisse Group initiated coverage on shares of Switch in a report on Tuesday. They issued an “outperform” rating on the stock. BMO Capital Markets initiated coverage on shares of Switch in a report on Tuesday. They issued an “outperform” rating on the stock. Citigroup Inc. initiated coverage on shares of Switch in a report on Tuesday. They issued a “neutral” rating on the stock. Wells Fargo & Company initiated coverage on shares of Switch in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, J P Morgan Chase & Co initiated coverage on shares of Switch in a report on Tuesday. They issued an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Shares of Switch (NASDAQ SWCH) opened at 19.35 on Tuesday. The company has a 50-day moving average of $19.31 and a 200 day moving average of $19.31. Switch has a one year low of $18.51 and a one year high of $24.90. The stock’s market cap is $695.40 million.
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In other Switch news, insider Erin Thomas Morton acquired 300,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were 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 SEC, which is available through this hyperlink.
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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