Array Digital Infrastructure Inc. (NYSE:AD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Array Digital Infrastructure Inc. (NYSE:AD) have been given an average rating of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $51.6667.

A number of research analysts have commented on AD shares. Citigroup initiated coverage on shares of Array Digital Infrastructure in a research note on Wednesday, November 26th. They issued a “buy” rating and a $37.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Array Digital Infrastructure in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research report on Monday, November 17th.

Array Digital Infrastructure Trading Up 0.5%

AD stock opened at $51.76 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $4.40 billion, a P/E ratio of 287.56 and a beta of 0.16. The company has a 50 day moving average price of $48.59. Array Digital Infrastructure has a twelve month low of $44.03 and a twelve month high of $79.17.

Array Digital Infrastructure (NYSE:AD) last announced its earnings results on Friday, November 1st. The company reported $0.26 EPS for the quarter. The business had revenue of $922.00 million for the quarter. Array Digital Infrastructure had a net margin of 0.55% and a return on equity of 3.40%.

About Array Digital Infrastructure

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. In addition, the company offers various accessories, such as cases, screen protectors, chargers, and memory cards; and consumer electronics, including audio, home automation, and networking products; as well as offers option to purchase devices and accessories under installment contracts.