Investors Buy High Volume of Put Options on AT&T (T)
Shares of AT&T (NYSE:T) was the target of unusually large options trading activity on Thursday. Investors bought 28,106 put options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 124% compared to the typical daily volume of 12,567 put options.
T has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of AT&T in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of AT&T from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $38.00 price target on the stock, up previously from $34.74. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AT&T in a research note to investors on Friday, November 8th. They now have a $37.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.26.
Shares of AT&T (NYSE:T) traded down 2.04% on Thursday, hitting $33.54. 36,082,816 shares of the company’s stock traded hands. AT&T has a 52-week low of $32.76 and a 52-week high of $39.00. The stock has a 50-day moving average of $34.74 and a 200-day moving average of $34.81. The company has a market cap of $176.7 billion and a P/E ratio of 25.07.
AT&T (NYSE:T) last released its earnings data on Wednesday, October 23rd. The company reported $0.66 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.66. The company had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $32.16 billion. During the same quarter last year, the company posted $0.62 earnings per share. AT&T’s revenue was up 2.2% 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 announced a quarterly dividend, which is scheduled for Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of 0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Wednesday, January 8th. This is an increase from AT&T’s previous quarterly dividend of $0.45.
AT&T Inc (NYSE:T) is a holding company.
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