Array Digital Infrastructure Inc. (NYSE:AD) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Shares carry a consensus rating of Moderate Buy (three buys, two holds) with an average 12‑month target of $54.50, though several analysts recently trimmed their price targets (Citigroup, RBC, Wells Fargo).
• The company beat expectations, reporting $0.48 EPS versus $0.30 expected and revenue of $60.33M (up 131% YoY), while valuation remains elevated with a PE near 81.7.
• Array paid a $10.25 special dividend in February, and institutional investors have been buying stakes—Vanguard and Gamco added sizeable positions (about $76.6M and $51.7M), with institutions owning 18.03% of the stock.

Shares of Array Digital Infrastructure Inc. (NYSE:AD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $54.50.

Several research firms have recently commented on AD. Citigroup lowered their target price on Array Digital Infrastructure from $63.00 to $57.00 and set a "buy" rating for the company in a report on Monday, February 23rd. Wall Street Zen raised Array Digital Infrastructure from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. Royal Bank Of Canada lowered their price objective on Array Digital Infrastructure from $60.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, March 9th. Raymond James Financial set a $53.00 target price on Array Digital Infrastructure in a research report on Monday, February 23rd. Finally, Wells Fargo & Company cut their target price on Array Digital Infrastructure from $62.00 to $54.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new stake in shares of Array Digital Infrastructure in the fourth quarter valued at approximately $51,720,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Array Digital Infrastructure during the fourth quarter valued at approximately $1,000,000. Vanguard Group Inc. acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth approximately $76,634,000. Arizona State Retirement System acquired a new position in shares of Array Digital Infrastructure during the fourth quarter worth approximately $240,000. Finally, Carlson Capital L.P. bought a new position in Array Digital Infrastructure in the 4th quarter worth approximately $504,000. 18.03% of the stock is owned by institutional investors and hedge funds.

Array Digital Infrastructure Trading Up 0.1%

NYSE AD opened at $45.77 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.72. Array Digital Infrastructure has a one year low of $44.03 and a one year high of $79.17. The company has a 50-day simple moving average of $48.92 and a 200-day simple moving average of $49.66. The firm has a market capitalization of $3.89 billion, a PE ratio of 81.74 and a beta of 0.18.

Array Digital Infrastructure (NYSE:AD - Get Free Report) last released its quarterly earnings data on Friday, February 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.18. Array Digital Infrastructure had a net margin of 2.51% and a return on equity of 4.89%. The firm had revenue of $60.33 million for the quarter. The company's revenue for the quarter was up 131.2% compared to the same quarter last year.

Array Digital Infrastructure Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 23rd were issued a $10.25 dividend. The ex-dividend date of this dividend was Friday, January 23rd.

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.

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