Array Digital Infrastructure (NYSE:AD) Research Coverage Started at Royal Bank Of Canada

Royal Bank Of Canada started coverage on shares of Array Digital Infrastructure (NYSE:AD) in a research note released on Monday, Marketbeat reports. The firm issued an outperform rating and a $62.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Array Digital Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Zacks Research upgraded shares of Array Digital Infrastructure to a “hold” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Array Digital Infrastructure Stock Down 0.8%

Shares of Array Digital Infrastructure stock opened at $50.35 on Monday. Array Digital Infrastructure has a 52-week low of $47.03 and a 52-week high of $79.17. The business has a 50 day moving average price of $50.69. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $4.33 billion, a P/E ratio of -167.84 and a beta of 0.20.

Array Digital Infrastructure (NYSE:AD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.26 earnings per share for the quarter. The company had revenue of $922.00 million for the quarter. Array Digital Infrastructure had a negative net margin of 0.68% and a positive return on equity of 1.67%.

Insider Activity at Array Digital Infrastructure

In related news, Director Harry J. Harczak, Jr. sold 1,960 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $76.20, for a total transaction of $149,352.00. Following the transaction, the director directly owned 19,374 shares of the company’s stock, valued at approximately $1,476,298.80. The trade was a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas W. Chambers sold 93,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $75.77, for a total value of $7,069,341.00. Following the completion of the transaction, the chief executive officer directly owned 17,600 shares in the company, valued at approximately $1,333,552. The trade was a 84.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Array Digital Infrastructure Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.