Analysts Offer Insights on NA Companies: Cynergistek Inc (NYSE MKT: CTEK), Altice Usa Inc (NYSE: ATUS) and Switch Inc (NYSE: SWCH)

By Jason Carr

There’s a lot to be optimistic about in the NA sector as 3 analysts just weighed in on Cynergistek Inc (NYSE MKT: CTEK), Altice Usa Inc (NYSE: ATUS) and Switch Inc (NYSE: SWCH) with bullish sentiments.

Altice Usa Inc (NYSE: ATUS)

In a report released today, Jonathan Atkin from RBC Capital reiterated a Buy rating on Altice Usa Inc (NYSE: ATUS), with a price target of $35. The company’s shares closed yesterday at $21.10, close to its 52-week low of $20.66.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 20.0% and a 84.1% success rate. Atkin covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Landmark Infrastructure, and Education Realty Trust.

Currently, the analyst consensus on Altice Usa Inc is Moderate Buy and the average price target is $30.67, representing a 45.4% upside.

In a report issued on November 7, Goldman Sachs also upgraded the stock to Buy with a $31 price target.
Switch Inc (NYSE: SWCH)

Credit Suisse analyst Sami Badri assigned a Buy rating to Switch Inc (NYSE: SWCH) today and set a price target of $22. The company’s shares closed yesterday at $20.03.

Badri said:

“We note that 3Q17 results further enforce our view that Switch offers one of the purest ways to capture the proliferation of the cloud. 29 New Customers Bringing Total Customer Base to 837: The company’s new customers included a mix of customers new to colocation services and customers switching from other providers into Switch. We note the majority of these customers are not located within the same State boundaries as Switch and that the company continues to draw customers from surrounding regions into its lower tax, lower cost, and lower risk of natural disaster environments, especially from California into Nevada through its SUPERLOOP asset. Projected to Deliver Further Impressive Results with 2019 Data Center Ramps: We project strong performance amid the company’s heavy ramp of planned data center campus expansions which are all expected to be completed by FY 2019.”

According to TipRanks.com, Badri is a 2-star analyst with an average return of 5.4% and a 80.0% success rate. Badri covers the Financial sector, focusing on stocks such as QTS Realty Trust, Coresite Realty, and CyrusOne.

Currently, the analyst consensus on Switch Inc is Moderate Buy and the average price target is $20.75, representing a 3.6% upside.

In a report issued on October 31, BMO Capital also initiated coverage with a Buy rating on the stock with a $23 price target.

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