Array Digital Infrastructure (NYSE:AD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Array Digital Infrastructure has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling increased confidence in the stock's performance.
• The company's stock is currently trading at $52.57, with a market capitalization of $4.52 billion and a price-to-earnings ratio of -175.23.
• Insider trading activity includes significant stock sales by Director Harry J. Harczak, Jr. and CEO Douglas W. Chambers, indicating a decrease in their ownership stakes.

Wall Street Zen upgraded shares of Array Digital Infrastructure (NYSE:AD - Free Report) from a hold rating to a buy rating in a research report released on Friday morning.

Separately, Zacks Research upgraded Array Digital Infrastructure to a "hold" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Array Digital Infrastructure Stock Performance

Shares of NYSE AD traded up $0.24 during trading on Friday, reaching $51.25. 200,940 shares of the company traded hands, compared to its average volume of 298,861. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.71 and a current ratio of 1.87. Array Digital Infrastructure has a 12-month low of $50.44 and a 12-month high of $79.17. The firm has a market capitalization of $4.41 billion, a P/E ratio of -170.83 and a beta of 0.31.

Insider Activity

In other Array Digital Infrastructure news, CEO Douglas W. Chambers sold 93,300 shares of the business'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 transaction of $7,069,341.00. Following the completion of the sale, the chief executive officer directly owned 17,600 shares in the company, valued at approximately $1,333,552. The trade was a 84.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry J. Harczak, Jr. sold 1,960 shares of the business'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 sale, the director owned 19,374 shares of the company's stock, valued at approximately $1,476,298.80. This trade represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Array Digital Infrastructure Company Profile

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.