Array Digital Infrastructure (NYSE:AD) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

Array Digital Infrastructure (NYSE:AD – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms have also recently issued reports on AD. Weiss Ratings reiterated a “sell (d)” rating on shares of Array Digital Infrastructure in a report on Wednesday, October 8th. Zacks Research upgraded shares of Array Digital Infrastructure to a “hold” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Read Our Latest Analysis on Array Digital Infrastructure

Array Digital Infrastructure Trading Down 1.4%

Array Digital Infrastructure stock opened at $49.30 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $4.24 billion, a PE ratio of -164.33 and a beta of 0.20. Array Digital Infrastructure has a 12-month low of $47.03 and a 12-month high of $79.17.

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

Insider Buying and Selling

In related news, Director Harry J. Harczak, Jr. sold 1,960 shares of the firm’s stock in a transaction that occurred on 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 owned 19,374 shares of the company’s stock, valued at approximately $1,476,298.80. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas W. Chambers sold 93,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $75.77, for a total transaction of $7,069,341.00. Following the completion of the transaction, the chief executive officer directly owned 17,600 shares of the company’s stock, valued at $1,333,552. This represents a 84.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Array Digital Infrastructure

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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.

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