Investors Purchase Large Volume of AT&T Put Options (T)
Shares of AT&T (NYSE:T) was the target of some unusual options trading activity on Wednesday. Traders purchased 138,182 put options on the stock, American Banking & Market News reports. This is an increase of approximately 617% compared to the typical volume of 19,285 put options.
T has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of AT&T (NYSE:T) in a research note to investors on Tuesday. They set an “outperform” rating and a $38.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of AT&T (NYSE:T) in a research note to investors on Thursday, September 12th. They now have a $38.00 price target on the stock, down previously from $40.00. Finally, analysts at Macquarie upgraded shares of AT&T (NYSE:T) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd.
One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. AT&T currently has an average rating of “Hold” and an average price target of $36.87.
Shares of AT&T (NYSE:T) traded up 0.58% during mid-day trading on Wednesday, hitting $34.95. The stock had a trading volume of 22,819,172 shares. AT&T has a 52 week low of $32.71 and a 52 week high of $39.00. The stock has a 50-day moving average of $34.4 and a 200-day moving average of $35.96. The company has a market cap of $185.6 billion and a price-to-earnings ratio of 26.61.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 23rd. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.01. The company had revenue of $32.10 billion for the quarter, compared to the consensus estimate of $31.81 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that AT&T will post $2.48 earnings per share for the current fiscal year.
AT&T Inc (NYSE:T) is a holding company.
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