Array Digital Infrastructure (NYSE:AD) Upgraded to “Hold” 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 report issued on Saturday.

AD has been the subject of several other reports. Royal Bank Of Canada decreased their target price on Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. 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 research report on Thursday, November 6th. Citigroup raised their price objective on shares of Array Digital Infrastructure from $37.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.33.

Array Digital Infrastructure Trading Up 1.8%

Shares of AD opened at $48.23 on Friday. 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 stock has a market capitalization of $4.10 billion, a P/E ratio of 267.94 and a beta of 0.17. The firm’s 50 day simple moving average is $51.74. Array Digital Infrastructure has a 12 month low of $44.03 and a 12 month high of $79.17.

Institutional Trading of Array Digital Infrastructure

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

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.