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AT&T (NYSE:T) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 197,159,869 shares, a decrease of 5.2% from the March 31st total of 208,060,987 shares, American Banking News reports. Currently, 3.8% of the company’s stock are short sold. Based on an average trading volume of 28,727,111 shares, the short-interest ratio is currently 6.9 days.

T has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of AT&T from $37.00 to $39.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Hilliard Lyons downgraded shares of AT&T to a “buy” rating in a research note on Thursday, April 24th. Finally, analysts at Cowen and Company raised their price target on shares of AT&T from $34.00 to $35.00 in a research note on Wednesday, April 23rd. They now have a “market perform” rating on the stock. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.29.

Shares of AT&T (NYSE:T) opened at 36.40 on Friday. AT&T has a 52 week low of $31.74 and a 52 week high of $37.83. The stock’s 50-day moving average is $35.29 and its 200-day moving average is $34.34. The company has a market cap of $188.9 billion and a price-to-earnings ratio of 10.43.

AT&T (NYSE:T) last announced its earnings results on Tuesday, April 22nd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.02. The company had revenue of $32.50 billion for the quarter, compared to the consensus estimate of $32.36 million. During the same quarter last year, the company posted $0.64 earnings per share. AT&T’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that AT&T will post $2.70 EPS for the current fiscal year.

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

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