Stock Traders Buy Large Volume of Citigroup Call Options (C)
Citigroup (NYSE:C) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 85,488 call options on the company, AR Network reports. This represents an increase of approximately 103% compared to the typical daily volume of 42,129 call options.
Several analysts have recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Citigroup in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Citigroup in a research note to investors on Wednesday, October 2nd. Finally, analysts at Credit Suisse raised their price target on shares of Citigroup from $60.00 to $65.00 in a research note to investors on Tuesday, October 1st. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average price target of $56.97.
Citigroup (NYSE:C) opened at 47.95 on Thursday. Citigroup has a 1-year low of $34.04 and a 1-year high of $53.56. The stock has a 50-day moving average of $49.52 and a 200-day moving average of $49.13. The company has a market cap of $145.8 billion and a P/E ratio of 15.40.
Citigroup (NYSE:C) last released its earnings data on Monday, July 15th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.07. The company had revenue of $20.50 billion for the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that Citigroup will post $4.81 EPS for the current fiscal year.
Citigroup Inc (NYSE:C) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management.
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