AT&T Target of Unusually Large Options Trading (T)
Shares of AT&T (NYSE:T) saw some unusual options trading on Monday. Stock traders acquired 53,567 call options on the stock, Analyst Ratings Net reports. This is an increase of approximately 292% compared to the typical daily volume of 13,654 call options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of AT&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 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 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 issued a buy rating to the stock. AT&T presently has an average rating of “Hold” and an average price target of $36.87.
AT&T (NYSE:T) traded up 0.74% on Monday, hitting $34.00. 63,306,668 shares of the company’s stock traded hands. AT&T has a 52 week low of $32.71 and a 52 week high of $39.00. The stock’s 50-day moving average is $33.97 and its 200-day moving average is $35.75. The company has a market cap of $180.6 billion and a price-to-earnings ratio of 25.84.
AT&T (NYSE:T) last posted its quarterly earnings results 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 $2.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Tuesday, October 8th.
AT&T Inc (NYSE:T) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.