Array Digital Infrastructure (NYSE:AD) Price Target Cut to $56.00 by Analysts at Royal Bank Of Canada

Array Digital Infrastructure (NYSE:AD) had its price objective lowered by Royal Bank Of Canada from $62.00 to $56.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 19.40% from the company’s current price.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research note on Monday, November 17th. Wells Fargo & Company decreased their price objective on Array Digital Infrastructure from $82.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research raised Array Digital Infrastructure to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Array Digital Infrastructure in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.00.

Array Digital Infrastructure Price Performance

Shares of NYSE:AD traded up $0.11 during mid-day trading on Tuesday, hitting $46.90. The company had a trading volume of 10,716 shares, compared to its average volume of 232,727. 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 one year low of $44.03 and a one year high of $79.17. The company has a fifty day moving average of $48.46. The firm has a market capitalization of $3.99 billion, a P/E ratio of -156.11 and a beta of 0.18.

Array Digital Infrastructure (NYSE:AD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.26 EPS for the quarter. Array Digital Infrastructure had a negative net margin of 0.68% and a positive return on equity of 1.67%. The business had revenue of $922.00 million during the quarter.

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.