Array Digital Infrastructure (NYSE:AD) Rating Lowered to Sell at Wall Street Zen

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

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

Array Digital Infrastructure Price Performance

Shares of Array Digital Infrastructure stock opened at $44.49 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $48.88. The firm has a market cap of $3.78 billion, a PE ratio of -148.30 and a beta of 0.18. Array Digital Infrastructure has a 1-year low of $44.03 and a 1-year high of $79.17.

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

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.