Analysts Set Array Digital Infrastructure Inc. (NYSE:AD) Price Target at $51.67

Array Digital Infrastructure Inc. (NYSE:AD) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.6667.

Several equities research analysts have recently weighed in on AD shares. Royal Bank Of Canada reduced 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 research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Array Digital Infrastructure in a research note on Wednesday, October 8th. Zacks Research upgraded Array Digital Infrastructure to a “hold” rating in a research report on Tuesday, August 12th. Citigroup assumed coverage on Array Digital Infrastructure in a research note on Wednesday, November 26th. They set a “buy” rating and a $37.00 price target for the company. Finally, Wells Fargo & Company cut their price objective 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.

Array Digital Infrastructure Stock Performance

Shares of Array Digital Infrastructure stock opened at $49.44 on Wednesday. The stock has a market cap of $4.20 billion, a PE ratio of 274.67 and a beta of 0.16. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $48.42. Array Digital Infrastructure has a one year low of $44.03 and a one year high of $79.17.

Array Digital Infrastructure (NYSE:AD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter. The company 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.