Traders Purchase Large Volume of AT&T Put Options (T)
AT&T (NYSE:T) saw some unusual options trading on Thursday. Traders bought 30,316 put options on the stock, AnalystRatings.NET reports. This is an increase of approximately 159% compared to the typical daily volume of 11,714 put options.
A number of research firms have recently commented on T. 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, seventeen have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.14.
AT&T (NYSE:T) opened at 34.44 on Friday. AT&T has a one year low of $32.71 and a one year high of $39.00. The stock’s 50-day moving average is $33.98 and its 200-day moving average is $35.60. The company has a market cap of $182.9 billion and a price-to-earnings ratio of 26.37.
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 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. On average, analysts predict that AT&T will post $2.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Investors 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 5.23%. The ex-dividend date of this dividend is Tuesday, October 8th.
AT&T Inc (NYSE:T) is a holding company.
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