Array Digital Infrastructure (NYSE:AD) Stock Rating Upgraded by Wall Street Zen

Array Digital Infrastructure (NYSE:AD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts also recently issued reports about the company. Zacks Research raised Array Digital Infrastructure to a “hold” rating in a research note on Tuesday, August 12th. Royal Bank Of Canada initiated coverage on shares of Array Digital Infrastructure in a research report on Monday, October 27th. They set an “outperform” rating and a $62.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Array Digital Infrastructure in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Array Digital Infrastructure Stock Down 0.2%

AD stock opened at $48.85 on Friday. The stock has a market capitalization of $4.20 billion, a PE ratio of -162.81 and a beta of 0.20. The stock’s 50-day moving average is $50.43. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.61. Array Digital Infrastructure has a 52 week low of $47.03 and a 52 week high of $79.17.

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

Insider Activity

In other Array Digital Infrastructure news, CEO Douglas W. Chambers sold 93,300 shares of Array Digital Infrastructure stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $75.77, for a total transaction of $7,069,341.00. Following the transaction, the chief executive officer directly owned 17,600 shares of the company’s stock, valued at $1,333,552. The trade was a 84.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry J. Harczak, Jr. sold 1,960 shares of Array Digital Infrastructure stock in a transaction dated 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 in the company, valued at $1,476,298.80. This trade represents a 9.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.