Citigroup Target of Unusually High Options Trading (C)
Citigroup (NYSE:C) was the target of unusually large options trading on Friday. Traders bought 94,208 call options on the company, Stock Ratings News reports. This represents an increase of approximately 155% compared to the typical volume of 36,924 call options.
Several analysts have recently commented on the stock. Analysts at Evercore Partners upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 16th. They now have a $58.00 price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Citigroup in a research note to investors on Thursday, December 12th. They now have a $61.00 price target on the stock, up previously from $58.00. Finally, analysts at Morgan Stanley reiterated a “hold” rating on shares of Citigroup in a research note to investors on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.70.
Citigroup (NYSE:C) traded up 2.16% on Friday, hitting $53.40. 26,886,106 shares of the company’s stock traded hands. Citigroup has a 52-week low of $40.28 and a 52-week high of $53.68. The stock’s 50-day moving average is $51.78 and its 200-day moving average is $50.40. The company has a market cap of $162.0 billion and a P/E ratio of 13.19.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.09. The company had revenue of $18.20 million for the quarter, compared to the consensus estimate of $18.73 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Citigroup will post $4.67 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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