Array Digital Infrastructure Inc. (NYSE:AD – Get Free Report) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $54.00.
A number of analysts have recently issued reports on AD shares. Weiss Ratings raised Array Digital Infrastructure from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 16th. Citigroup lowered their price objective 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. Royal Bank Of Canada lowered Array Digital Infrastructure from an “outperform” rating to a “sector perform” rating and set a $52.00 price objective for the company. in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price objective on Array Digital Infrastructure from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered Array Digital Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, May 9th.
Read Our Latest Research Report on Array Digital Infrastructure
Array Digital Infrastructure Stock Up 1.5%
Array Digital Infrastructure Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $11.00 dividend. The ex-dividend date of this dividend is Thursday, June 11th.
Institutional Trading of Array Digital Infrastructure
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Weiss Asset Management LP bought a new stake in Array Digital Infrastructure in the first quarter valued at about $206,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Array Digital Infrastructure by 423.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 99,990 shares of the company’s stock valued at $4,614,000 after purchasing an additional 80,872 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Array Digital Infrastructure during the first quarter valued at approximately $33,000. Inceptionr LLC bought a new position in shares of Array Digital Infrastructure during the first quarter valued at approximately $295,000. Finally, First Trust Advisors LP grew its holdings in shares of Array Digital Infrastructure by 15.4% during the first quarter. First Trust Advisors LP now owns 111,534 shares of the company’s stock valued at $5,146,000 after purchasing an additional 14,867 shares during the last quarter. 18.03% of the stock is owned by institutional investors.
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. 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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