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

Array Digital Infrastructure Inc. (NYSE:AD) has received a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $51.6667.

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research report on Monday, November 17th. Royal Bank Of Canada dropped their target price on shares of Array Digital Infrastructure from $62.00 to $56.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Citigroup started coverage on Array Digital Infrastructure in a report on Wednesday, November 26th. They set a “buy” rating and a $37.00 price target for the company. Wells Fargo & Company lowered their price target on Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, October 8th.

Array Digital Infrastructure Stock Performance

AD opened at $53.85 on Friday. The stock’s 50-day moving average is $48.94. Array Digital Infrastructure has a 52-week low of $44.03 and a 52-week high of $79.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 299.17 and a beta of 0.16.

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

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.