Array Digital Infrastructure (NYSE:AD) Upgraded at 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 report issued on Friday.

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

Array Digital Infrastructure Trading Down 2.1%

AD stock traded down $1.12 during midday trading on Friday, reaching $51.42. 204,184 shares of the company's stock traded hands, compared to its average volume of 377,116. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.87 and a quick ratio of 1.71. Array Digital Infrastructure has a 52 week low of $50.69 and a 52 week high of $79.17. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -171.39 and a beta of 0.31.

Insider Transactions at Array Digital Infrastructure

In other news, Director Harry J. Harczak, Jr. sold 1,960 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were 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 of the company's stock, valued at $1,476,298.80. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas W. Chambers sold 93,300 shares of the company'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 transaction, the chief executive officer owned 17,600 shares in the company, valued at approximately $1,333,552. This represents a 84.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

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.