Switch Inc (SWCH) Receives a Hold from Raymond James


In a report issued on November 28, Frank Louthan from Raymond James maintained a Hold rating on Switch Inc (SWCH), with a price target of $11. The company’s shares closed yesterday at $7.90, close to its 52-week low of $7.

According to TipRanks.com, Louthan is a 4-star analyst with an average return of 3.7% and a 57.2% success rate. Louthan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Zayo Group Holdings, and GDS Holdings Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Switch Inc with a $12.14 average price target.

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The company has a one-year high of $18.57 and a one-year low of $7. Currently, Switch Inc has an average volume of 1.22M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.

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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.

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