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Shares of AT&T (NYSE:T) were the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 185,900,383 shares, a decrease of 5.7% from the April 15th total of 197,159,869 shares, American Banking & Market News reports. Based on an average daily trading volume, of 29,145,466 shares, the days-to-cover ratio is presently 6.4 days. Approximately 3.6% of the shares of the stock are short sold.

A number of analysts have recently weighed in on T shares. Analysts at Sanford C. Bernstein initiated coverage on shares of AT&T in a research note on Thursday. They set a “market perform” rating on the stock. Separately, analysts at Bernstein initiated coverage on shares of AT&T in a research note on Wednesday. They set a “market perform” rating and a $32.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of AT&T in a research note on Monday. They now have a $2.50 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.16.

Shares of AT&T (NYSE:T) opened at 35.38 on Friday. AT&T has a one year low of $31.74 and a one year high of $37.15. The stock has a 50-day moving average of $35.67 and a 200-day moving average of $34.38. The company has a market cap of $183.6 billion and a P/E ratio of 10.29.

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. On average, analysts predict that AT&T will post $2.69 earnings per share for the current fiscal year.

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

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