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Shares of AT&T (NYSE:T) were the target of some unusual options trading activity on Monday. Stock traders bought 104,511 put options on the company, Analyst Ratings News reports. This represents an increase of approximately 434% compared to the typical volume of 19,580 put options.

A number of research firms have recently commented on T. Analysts at HSBC downgraded shares of AT&T from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $35.00 price target on the stock, down previously from $39.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday, March 19th. They now have a $32.98 price target on the stock, down previously from $37.00. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of AT&T in a research note on Thursday, March 6th. They now have a $35.00 price target on the stock, down previously from $38.00. Fifteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.55.

Shares of AT&T (NYSE:T) traded down 0.17% on Monday, hitting $35.49. The stock had a trading volume of 32,660,032 shares. AT&T has a 1-year low of $31.74 and a 1-year high of $39.00. The stock’s 50-day moving average is $33.32 and its 200-day moving average is $34.11. The company has a market cap of $184.8 billion and a price-to-earnings ratio of 10.48.

AT&T (NYSE:T) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.03. The company had revenue of $33.16 billion for the quarter, compared to the consensus estimate of $33.06 billion. During the same quarter last year, the company posted $0.44 earnings per share. AT&T’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that AT&T will post $2.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Tuesday, April 8th.

AT&T Inc (NYSE:T), is a holding company.

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