Array Digital Infrastructure (NYSE:AD) Upgraded at Wall Street Zen

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

A number of other research firms have also recently commented on AD. Wells Fargo & Company lowered their price target on Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Array Digital Infrastructure in a report on Wednesday, January 21st. Finally, Citigroup boosted their target price on Array Digital Infrastructure from $37.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.33.

Array Digital Infrastructure Price Performance

Shares of NYSE:AD opened at $48.23 on Friday. Array Digital Infrastructure has a one year low of $44.03 and a one year high of $79.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 267.94 and a beta of 0.17. The business has a fifty day moving average of $51.74.

Institutional Investors Weigh In On Array Digital Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AD. Signaturefd LLC bought a new stake in shares of Array Digital Infrastructure during the 4th quarter valued at about $73,000. Harbor Capital Advisors Inc. purchased a new stake in Array Digital Infrastructure in the fourth quarter worth about $99,000. Arizona State Retirement System purchased a new stake in Array Digital Infrastructure in the fourth quarter worth about $240,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Array Digital Infrastructure during the 4th quarter valued at approximately $326,000. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Array Digital Infrastructure during the 4th quarter worth approximately $483,000. 18.03% of the stock is currently owned by institutional investors.

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.