Switch (SWCH) Getting Somewhat Positive News Coverage, Analysis Finds

News coverage about Switch (NYSE:SWCH) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Switch earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2838572557683 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

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A number of analysts have recently commented on SWCH shares. UBS raised Switch from a “market perform” rating to an “outperform” rating in a research note on Monday, March 12th. Credit Suisse Group set a $22.00 price target on Switch and gave the company a “buy” rating in a research report on Tuesday. Cowen started coverage on Switch in a research note on Friday, January 19th. They issued an “underweight” rating on the stock. Zacks Investment Research downgraded Switch from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Raymond James raised Switch from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.33.

NYSE:SWCH opened at $14.71 on Thursday. Switch has a 12-month low of $13.10 and a 12-month high of $24.90. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.82.

Switch (NYSE:SWCH) last posted its quarterly earnings results on Monday, April 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $99.33 million during the quarter, compared to analyst estimates of $99.55 million. analysts anticipate that Switch will post 0.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Friday, April 13th will be paid a $0.0147 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, April 12th.

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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.

Insider Buying and Selling by Quarter for Switch (NYSE:SWCH)

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