Investors Purchase Large Volume of Call Options on AT&T (T)
Shares of AT&T (NYSE:T) was the target of some unusual options trading on Friday. Stock investors bought 43,363 call options on the company, American Banking and Market News reports. This is an increase of 203% compared to the typical volume of 14,302 call options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of AT&T (NYSE:T) in a research note to investors on Tuesday, September 17th. 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 analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.87.
AT&T (NYSE:T) opened at 34.315 on Monday. AT&T has a 1-year low of $32.71 and a 1-year high of $39.00. The stock has a 50-day moving average of $34.30 and a 200-day moving average of $35.93. The company has a market cap of $182.2 billion and a price-to-earnings ratio of 26.27.
AT&T (NYSE:T) last released its earnings data on Tuesday, July 23rd. The company reported $0.67 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.66 earnings per share. AT&T’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that AT&T will post $2.48 EPS for the current fiscal year.
AT&T Inc (NYSE:T) is a holding company.
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