Switch (NYSE:SWCH) had its price target trimmed by BMO Capital Markets from $23.00 to $20.00 in a report published on Tuesday, Marketbeat reports. The brokerage currently has an outperform rating on the stock.
SWCH has been the subject of a number of other reports. Credit Suisse Group set a $22.00 price target on shares of Switch and gave the company a buy rating in a report on Wednesday, February 7th. Zacks Investment Research raised shares of Switch from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Thursday, January 11th. Raymond James Financial raised shares of Switch from a market perform rating to an outperform rating in a research note on Monday, March 12th. Cowen assumed coverage on shares of Switch in a research note on Friday, January 19th. They set an underweight rating for the company. Finally, UBS raised shares of Switch from a market perform rating to an outperform rating in a research note on Monday, March 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Switch currently has a consensus rating of Buy and an average price target of $21.33.
Shares of NYSE SWCH opened at $14.64 on Tuesday. Switch has a twelve month low of $13.10 and a twelve month high of $24.90. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.18.
Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN purchased a new stake in Switch during the fourth quarter valued at about $76,684,000. Engineers Gate Manager LP purchased a new stake in Switch during the fourth quarter valued at about $2,204,000. Shikiar Asset Management Inc. purchased a new stake in Switch during the fourth quarter valued at about $1,157,000. American Assets Capital Advisers LLC purchased a new stake in Switch during the fourth quarter valued at about $720,000. Finally, MYDA Advisors LLC purchased a new stake in Switch during the fourth quarter valued at about $309,000. 14.07% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This news story was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3338029/switch-swch-price-target-cut-to-20-00-by-analysts-at-bmo-capital-markets.html.
Switch Company Profile
Switch, Inc, through its subsidiary, Switch, Ltd., provides colocation space and related services to technology and digital media companies, cloud and managed service providers, financial institutions, government agencies, and telecommunications providers that conduct critical business on the Internet.
Receive News & Ratings for Switch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Switch and related companies with MarketBeat.com's FREE daily email newsletter.