AT&T Sees Large Growth in Short Interest (T)
AT&T (NYSE:T) was the target of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 190,671,337 shares, an increase of 5.4% from the May 30th total of 180,971,612 shares, American Banking & Market News reports. Based on an average daily volume of 19,551,789 shares, the days-to-cover ratio is currently 9.8 days. Currently, 3.7% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of AT&T from $35.00 to $38.00 in a research note on Wednesday. Separately, analysts at KeyCorp reiterated a “positive” rating on shares of AT&T in a research note on Tuesday, June 3rd. Finally, 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. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.13.
Shares of AT&T (NYSE:T) opened at 35.84 on Friday. AT&T has a 1-year low of $31.74 and a 1-year high of $36.86. The stock has a 50-day moving average of $35.36 and a 200-day moving average of $34.42. The company has a market cap of $186.0 billion and a price-to-earnings ratio of 10.40.
AT&T (NYSE:T) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that AT&T will post $2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Tuesday, July 8th.
AT&T Inc (NYSE:T), is a holding company.
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