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AT&T (NYSE:T) was the target of some unusual options trading on Friday. Stock traders bought 53,540 put options on the company, American Banking and Market News reports. This represents an increase of approximately 102% compared to the average volume of 26,546 put options.

T has been the subject of a number of recent research reports. Analysts at KeyCorp reiterated a “positive” rating on shares of AT&T in a research note on Tuesday, June 3rd. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of AT&T in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Finally, analysts at Bernstein initiated coverage on shares of AT&T in a research note on Wednesday, May 21st. They set a “market perform” rating and a $32.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. AT&T has a consensus rating of “Hold” and an average target price of $34.93.

AT&T (NYSE:T) traded up 0.57% on Friday, hitting $35.03. The stock had a trading volume of 19,919,716 shares. AT&T has a one year low of $31.74 and a one year high of $36.86. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $34.34. The company has a market cap of $181.8 billion and a price-to-earnings ratio of 10.16.

AT&T (NYSE:T) last released its earnings data on Tuesday, April 22nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that AT&T will post $2.66 EPS for the current fiscal year.

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

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