Array Digital Infrastructure downgraded by Raymond James
$AD
Telecommunications Equipment
Telecommunications
Raymond James downgraded Array Digital Infrastructure from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/12/2026 | $52.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 5/11/2026 | Outperform → Mkt Perform | Raymond James | |
| 11/26/2025 | $37.00 | Buy | Citigroup |
| 10/27/2025 | $62.00 | Outperform | RBC Capital Mkts |
Board declares special dividend of $11.00 per shareCHICAGO, June 1, 2026 /PRNewswire/ -- Array Digital Infrastructure, Inc. (NYSE:AD) (ArraySM) today announced the successful closing of the previously announced agreement with Verizon (NYSE:VZ) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.0 billion. Additionally, certain spectrum sales to T-Mobile totaling $168M, primarily related to 700MHz and 600MHz, were completed in May.These transactions further the objective announced on May 28, 2024, to opportunistically monetize remaining spectrum following the sale of the T-Mobile wireless operation which closed on August 1, 2025.Considering the closing
CHICAGO, May 11, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE:TDS) and Array Digital Infrastructure, Inc. (NYSE:AD) announce the following webcasts: Array℠ will hold its Annual Meeting of Shareholders on May 19, 2026, at 8:30 a.m. Central time.TDS will hold its Annual Meeting of Shareholders on May 21, 2026, at 9:00 a.m. Central time.To listen to the meetings, please visit the Events & Presentations pages of investors.tdsinc.com or investors.arrayinc.com. The meetings will be webcast both live and on-demand. It is recommended that you register at least 15 minutes before the beginning of each meeting to register, download and install any necessary multimedia streaming software.
Array reaffirms 2026 guidanceCHICAGO, May 8, 2026 /PRNewswire/ -- As previously announced, Array will hold a teleconference on May 8, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.arrayinc.com.Array Digital Infrastructure, Inc. (NYSE:AD) reported first quarter operating results."Array is executing on its 2026 priorities," said Anthony Carlson, President and CEO. "Since standing-up Array just eight months ago, we remain laser-focused on optimizing our tower operations, including securing new colocation applications and delivering steady tower tenancy growth. And we are continuing to close our pending spectrum transactions and support T-Mobile
3 - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Issuer)
4 - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Issuer)
4 - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Issuer)
8-K - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Filer)
8-K - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Filer)
SCHEDULE 13G - ARRAY DIGITAL INFRASTRUCTURE, INC. (0000821130) (Subject)
RBC Capital Mkts downgraded Array Digital Infrastructure from Outperform to Sector Perform and set a new price target of $52.00
Raymond James downgraded Array Digital Infrastructure from Outperform to Mkt Perform
Citigroup resumed coverage of Array Digital Infrastructure with a rating of Buy and set a new price target of $37.00
CHICAGO, Nov. 7, 2025 /PRNewswire/ -- Array Digital Infrastructure, Inc. SM (NYSE:AD) (ArraySM), and Telephone and Data Systems, Inc. (NYSE:TDS) today announced Anthony Carlson will become the President and CEO of Array on November 16, 2025. Concurrently, Anthony Carlson will join the Array Board of Directors. As President and CEO of Array, he will be responsible for overseeing operations and strategic initiatives related to the portfolio of 4,400 owned towers, noncontrolling investment interests in wireless partnerships and retained wireless spectrum. "We are very pleased to have Anthony lead our growing tower business and provide strategic vision to its operations," said Walter Carlson, T
Board declares special dividend of $11.00 per shareCHICAGO, June 1, 2026 /PRNewswire/ -- Array Digital Infrastructure, Inc. (NYSE:AD) (ArraySM) today announced the successful closing of the previously announced agreement with Verizon (NYSE:VZ) to sell a portion of the Company's retained spectrum licenses for total consideration of $1.0 billion. Additionally, certain spectrum sales to T-Mobile totaling $168M, primarily related to 700MHz and 600MHz, were completed in May.These transactions further the objective announced on May 28, 2024, to opportunistically monetize remaining spectrum following the sale of the T-Mobile wireless operation which closed on August 1, 2025.Considering the closing
Array reaffirms 2026 guidanceCHICAGO, May 8, 2026 /PRNewswire/ -- As previously announced, Array will hold a teleconference on May 8, 2026, at 9:00 a.m. CT. Listen to the call live via the Events & Presentations page of investors.arrayinc.com.Array Digital Infrastructure, Inc. (NYSE:AD) reported first quarter operating results."Array is executing on its 2026 priorities," said Anthony Carlson, President and CEO. "Since standing-up Array just eight months ago, we remain laser-focused on optimizing our tower operations, including securing new colocation applications and delivering steady tower tenancy growth. And we are continuing to close our pending spectrum transactions and support T-Mobile
Proposed transaction aims to streamline corporate structure and enhance capital flexibility to support TDS' long-term growth CHICAGO, May 8, 2026 /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) (the "Company" or "TDS") today announced that it has submitted a proposal to the Board of Directors of Array Digital Infrastructure, Inc. (NYSE:AD) ("Array") to acquire, by way of a merger, all of the outstanding common shares of Array that are not currently owned by TDS in an all-stock transaction. Under the terms of the proposal, each Array Common Share not owned by TDS would be exchanged for 0.86 of a TDS Common Share (the "Exchange Ratio"). The Exchange Ratio assumes that the previous