Array Digital Infrastructure Inc. (NYSE:AD) Receives $60.33 Consensus PT from Brokerages

Shares of Array Digital Infrastructure Inc. (NYSE:AD) have received a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $57.6667.

A number of brokerages have weighed in on AD. Royal Bank Of Canada decreased their target price on shares of Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Wells Fargo & Company cut their price target on Array Digital Infrastructure from $62.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, January 21st. Wall Street Zen raised Array Digital Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citigroup increased their target price on Array Digital Infrastructure from $37.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th.

Institutional Investors Weigh In On Array Digital Infrastructure

A number of institutional investors have recently made changes to their positions in AD. Quadrant Capital Group LLC bought a new stake in shares of Array Digital Infrastructure during the fourth quarter valued at approximately $48,000. Empowered Funds LLC purchased a new stake in Array Digital Infrastructure during the 4th quarter valued at $54,000. Harbour Investments Inc. bought a new stake in shares of Array Digital Infrastructure in the 4th quarter worth $61,000. Signaturefd LLC purchased a new position in shares of Array Digital Infrastructure in the fourth quarter worth $73,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of Array Digital Infrastructure during the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

Array Digital Infrastructure Price Performance

NYSE:AD opened at $50.97 on Monday. 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 50-day simple moving average of $51.85. The stock has a market cap of $4.33 billion, a P/E ratio of 283.16 and a beta of 0.17. Array Digital Infrastructure has a 1-year low of $44.03 and a 1-year high of $79.17.

Array Digital Infrastructure Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 23rd were given a dividend of $10.25 per share. The ex-dividend date of this dividend was Friday, January 23rd.

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.