Array Digital Infrastructure Inc. (NYSE:AD) Receives $51.67 Average Target Price from Brokerages

Array Digital Infrastructure Inc. (NYSE:AD) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $51.6667.

A number of research analysts recently weighed in on AD shares. Citigroup initiated coverage on shares of Array Digital Infrastructure in a research note on Wednesday, November 26th. They set a “buy” rating and a $37.00 target price on the stock. Royal Bank Of Canada dropped their price objective 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. Wells Fargo & Company cut their target price 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. Weiss Ratings reissued a “sell (d)” rating on shares of Array Digital Infrastructure in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a report on Monday, November 17th.

Array Digital Infrastructure Trading Down 0.7%

Shares of NYSE:AD opened at $53.48 on Friday. The company’s 50 day moving average is $49.01. The company has a market cap of $4.55 billion, a P/E ratio of 297.10 and a beta of 0.16. Array Digital Infrastructure has a 12-month low of $44.03 and a 12-month high of $79.17. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.26.

Array Digital Infrastructure (NYSE:AD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter. The business had revenue of $922.00 million for the quarter. Array Digital Infrastructure had a net margin of 0.55% and a return on equity of 3.40%.

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. 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.