In a report released today, Frank Louthan from Raymond James upgraded Switch Inc (SWCH) to Buy. The company’s shares closed yesterday at $7.07, close to its 52-week low of $7.
According to TipRanks.com, Louthan is a 4-star analyst with an average return of 3.5% and a 57.6% success rate. Louthan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and Consolidated Comms.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Switch Inc with a $12.33 average price target, representing a 74.4% upside. In a report issued on November 13, BMO Capital also reiterated a Buy rating on the stock with a $10.50 price target.
.
See today’s analyst top recommended stocks >>
Based on Switch Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6,000. In comparison, last year the company had a net profit of $16.49 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Switch, Inc. (Nevada) engages in the provision of technology infrastructure. It specializes in the development of digital platforms for digital media companies, cloud and managed service providers, financial institutions, and telecommunications providers. It operates through the following segments: Colocation, Connectivity, and Other.
