AT&T Short Interest Up 4.4% in July (T)
AT&T (NYSE:T) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 199,960,170 shares, an increase of 4.4% from the June 30th total of 191,553,699 shares, Stock Ratings Network reports. Approximately 3.9% of the company’s stock are short sold. Based on an average trading volume of 17,705,561 shares, the days-to-cover ratio is presently 11.3 days.
In other AT&T news, Director Scott T. Ford acquired 10,000 shares of the stock in a transaction dated Monday, July 28th. The stock was purchased at an average price of $35.59 per share, for a total transaction of $355,900.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on T shares. Analysts at Zacks reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday. They now have a $12.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AT&T in a research note on Thursday, July 24th. They now have a $35.00 price target on the stock, up previously from $34.00. Finally, analysts at RBC Capital cut their price target on shares of AT&T from $37.00 to $36.00 in a research note on Thursday, July 24th. They now have a “sector perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AT&T currently has a consensus rating of “Hold” and a consensus price target of $35.18.
Shares of AT&T (NYSE:T) opened at 36.36 on Thursday. AT&T has a one year low of $31.74 and a one year high of $37.48. The stock’s 50-day moving average is $35.59 and its 200-day moving average is $34.60. The company has a market cap of $188.7 billion and a P/E ratio of 10.75.
AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.03. The company had revenue of $32.60 billion for the quarter, compared to the consensus estimate of $33.41 billion. During the same quarter last year, the company posted $0.67 earnings per share. On average, analysts predict that AT&T will post $2.62 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 5.06%. The ex-dividend date is Tuesday, July 8th.
AT&T Inc (NYSE:T), is a holding company.
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