Array Digital Infrastructure Inc. (NYSE:AD) Given Average Rating of “Hold” by Brokerages

Shares of Array Digital Infrastructure Inc. (NYSE:AD) have earned a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment 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 price objective among analysts that have covered the stock in the last year is $57.6667.

AD has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Array Digital Infrastructure in a report on Wednesday, January 21st. Wells Fargo & Company lowered their price target on shares of Array Digital Infrastructure from $62.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup increased their price objective on Array Digital Infrastructure from $37.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen raised Array Digital Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Royal Bank Of Canada dropped their target price on Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th.

Array Digital Infrastructure Stock Up 0.8%

Shares of NYSE:AD opened at $50.97 on Monday. Array Digital Infrastructure has a 12-month low of $44.03 and a 12-month high of $79.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $4.33 billion, a P/E ratio of 283.16 and a beta of 0.17. The firm’s fifty day moving average price is $51.85.

Array Digital Infrastructure Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 23rd were issued a $10.25 dividend. The ex-dividend date was Friday, January 23rd.

Institutional Trading of Array Digital Infrastructure

A number of institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. bought a new position in Array Digital Infrastructure in the 4th quarter worth $910,000. Aberdeen Group plc bought a new position in shares of Array Digital Infrastructure in the fourth quarter worth about $15,528,000. Harbor Capital Advisors Inc. acquired a new position in shares of Array Digital Infrastructure during the 4th quarter worth about $99,000. Signaturefd LLC acquired a new position in shares of Array Digital Infrastructure during the 4th quarter worth about $73,000. Finally, State of Alaska Department of Revenue bought a new stake in Array Digital Infrastructure during the 4th quarter valued at approximately $5,187,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

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.