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

Wall Street Zen upgraded shares of Array Digital Infrastructure (NYSE:AD) from a hold rating to a buy rating in a research note released on Friday.

Separately, Zacks Research raised shares of Array Digital Infrastructure to a “hold” rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Array Digital Infrastructure presently has an average rating of “Hold”.

Array Digital Infrastructure Stock Down 0.4%

Shares of Array Digital Infrastructure stock opened at $52.57 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.87 and a quick ratio of 1.71. The firm has a market cap of $4.52 billion, a P/E ratio of -175.23 and a beta of 0.31. Array Digital Infrastructure has a twelve month low of $50.69 and a twelve month high of $79.17.

Insider Transactions at Array Digital Infrastructure

In other news, CEO Douglas W. Chambers sold 93,300 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $75.77, for a total value of $7,069,341.00. Following the sale, the chief executive officer owned 17,600 shares in the company, valued at approximately $1,333,552. This represents a 84.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harry J. Harczak, Jr. sold 1,960 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $76.20, for a total transaction of $149,352.00. Following the completion of the sale, the director owned 19,374 shares in the company, valued at approximately $1,476,298.80. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.