Array Digital Infrastructure (NYSE:AD) Downgraded to “Sell” Rating by Wall Street Zen

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

Other analysts have also recently issued reports about the company. Zacks Research raised Array Digital Infrastructure to a “hold” rating in a research note on Tuesday, August 12th. Wells Fargo & Company reduced their price target on shares of Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada started coverage on shares of Array Digital Infrastructure in a report on Monday, October 27th. They set an “outperform” rating and a $62.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Array Digital Infrastructure in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.00.

Array Digital Infrastructure Stock Up 1.2%

Shares of AD stock opened at $45.91 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.61. Array Digital Infrastructure has a 12-month low of $45.01 and a 12-month high of $79.17. The company has a fifty day moving average price of $49.16. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -153.04 and a beta of 0.18.

Array Digital Infrastructure (NYSE:AD) last posted its 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 firm had revenue of $922.00 million for the quarter.

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.