Array Digital Infrastructure (NYSE:AD) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Array Digital Infrastructure (NYSE:AD) from a buy rating to a hold rating in a research report report published on Sunday.

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

Array Digital Infrastructure Stock Up 1.2%

Shares of NYSE AD opened at $54.09 on Friday. Array Digital Infrastructure has a 12 month low of $50.69 and a 12 month high of $79.17. The firm has a market cap of $4.65 billion, a PE ratio of -180.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.87 and a quick ratio of 1.71.

Insider Activity at Array Digital Infrastructure

In other Array Digital Infrastructure news, Director Harry J. Harczak, Jr. sold 1,960 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $76.20, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas W. Chambers sold 93,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $75.77, for a total value of $7,069,341.00. Following the completion of the sale, the chief executive officer owned 17,600 shares of the company’s stock, valued at $1,333,552. This represents a 84.13% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

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.