Array Digital Infrastructure (NYSE:AD) Upgraded at 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 note issued on Friday.

Separately, Zacks Research raised Array Digital Infrastructure to a “hold” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Array Digital Infrastructure Price Performance

Array Digital Infrastructure stock opened at $52.57 on Friday. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of -175.23 and a beta of 0.31. Array Digital Infrastructure has a 12 month low of $50.69 and a 12 month high of $79.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.87 and a quick ratio of 1.71.

Insider Activity

In other Array Digital Infrastructure news, Director Harry J. Harczak, Jr. sold 1,960 shares of the business’s 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 completion of the sale, the director owned 19,374 shares of the company’s stock, valued at approximately $1,476,298.80. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas W. Chambers sold 93,300 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $75.77, for a total value of $7,069,341.00. Following the sale, the chief executive officer directly owned 17,600 shares of the company’s stock, valued at $1,333,552. This represents a 84.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.