Array Digital Infrastructure’s (AD) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of Array Digital Infrastructure (NYSE:AD) in a report published on Friday morning,Weiss Ratings reports.

Several other research analysts have also weighed in on the company. Zacks Research raised Array Digital Infrastructure to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen lowered Array Digital Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Array Digital Infrastructure Stock Up 1.1%

Shares of Array Digital Infrastructure stock opened at $49.87 on Friday. Array Digital Infrastructure has a fifty-two week low of $47.03 and a fifty-two week high of $79.17. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -166.22 and a beta of 0.20. The business’s fifty day simple moving average is $51.77. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.61.

Array Digital Infrastructure (NYSE:AD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter. Array Digital Infrastructure had a positive return on equity of 1.67% and a negative net margin of 0.68%.The company had revenue of $922.00 million for the quarter.

Insider Activity

In other Array Digital Infrastructure news, CEO Douglas W. Chambers sold 93,300 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $75.77, for a total value of $7,069,341.00. Following the transaction, the chief executive officer directly owned 17,600 shares of the company’s stock, valued at $1,333,552. This trade represents a 84.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry J. Harczak, Jr. sold 1,960 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $76.20, for a total value of $149,352.00. Following the completion of the transaction, the director directly owned 19,374 shares in the company, valued at $1,476,298.80. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.