Array Digital Infrastructure Inc. (NYSE:AD) Receives $60.33 Consensus Price Target from Analysts

Shares of Array Digital Infrastructure Inc. (NYSE:AD) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.3333.

Several research analysts have recently commented on AD shares. Royal Bank Of Canada dropped their price target on shares of Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Citigroup increased their price objective on Array Digital Infrastructure from $37.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Wall Street Zen downgraded Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their target price on Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 6th.

Array Digital Infrastructure Price Performance

Shares of NYSE AD opened at $57.77 on Thursday. The company has a 50-day moving average price of $50.77. Array Digital Infrastructure has a one year low of $44.03 and a one year high of $79.17. The stock has a market capitalization of $4.91 billion, a P/E ratio of 320.94 and a beta of 0.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.26.

Array Digital Infrastructure Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 23rd will be paid a $10.25 dividend. The ex-dividend date is Friday, January 23rd.

Institutional Investors Weigh In On Array Digital Infrastructure

A hedge fund recently bought a new stake in Array Digital Infrastructure stock. Aberdeen Group plc purchased a new stake in shares of Array Digital Infrastructure Inc. (NYSE:AD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 289,600 shares of the company’s stock, valued at approximately $15,528,000. Aberdeen Group plc owned about 0.34% of Array Digital Infrastructure at the end of the most recent reporting period. 18.03% of the stock is owned by institutional investors and hedge funds.

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. 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.