Array Digital Infrastructure Inc. (AD) To Go Ex-Dividend on June 11th

Array Digital Infrastructure Inc. (NYSE:AD) declared a special dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 11.00 per share on Thursday, June 25th. The ex-dividend date of this dividend is Thursday, June 11th.

Array Digital Infrastructure Price Performance

NYSE AD opened at $51.33 on Tuesday. The stock has a market capitalization of $4.43 billion, a P/E ratio of 21.30 and a beta of 0.22. Array Digital Infrastructure has a 1 year low of $44.03 and a 1 year high of $79.17. The business’s fifty day moving average is $49.71 and its two-hundred day moving average is $50.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

Several research firms have issued reports on AD. Weiss Ratings raised Array Digital Infrastructure from a “sell (d)” rating to a “hold (c)” rating in a report on Monday, March 16th. JPMorgan Chase & Co. dropped their price target on Array Digital Infrastructure from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. Wells Fargo & Company cut their target price on shares of 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. Citigroup cut their target price on shares of Array Digital Infrastructure from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Array Digital Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.