Array Digital Infrastructure Inc. (NYSE:AD) Receives $60.33 Consensus Target Price from Analysts

Array Digital Infrastructure Inc. (NYSE:AD) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.3333.

A number of analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on 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 target 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. Royal Bank Of Canada lowered their price target on 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. Wall Street Zen downgraded Array Digital Infrastructure from a “hold” rating to a “sell” rating in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Array Digital Infrastructure

Several hedge funds have recently bought and sold shares of AD. Signaturefd LLC acquired a new stake in shares of Array Digital Infrastructure in the fourth quarter worth about $73,000. Harbor Capital Advisors Inc. bought a new position in shares of Array Digital Infrastructure in the 4th quarter valued at approximately $99,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Array Digital Infrastructure in the 4th quarter worth approximately $910,000. Finally, Aberdeen Group plc acquired a new stake in Array Digital Infrastructure in the 4th quarter worth approximately $15,528,000. 18.03% of the stock is owned by institutional investors and hedge funds.

Array Digital Infrastructure Stock Up 3.0%

Shares of NYSE:AD opened at $58.22 on Thursday. The firm’s fifty day moving average is $51.19. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.26. Array Digital Infrastructure has a 12-month low of $44.03 and a 12-month high of $79.17. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 323.44 and a beta of 0.17.

Array Digital Infrastructure Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 23rd will be paid a $10.25 dividend. The ex-dividend date of this dividend is 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.