Insider Buying: Matthew K. Rose Buys 30,000 Shares of AT&T Stock (T)
AT&T (NYSE:T) Director Matthew K. Rose bought 30,000 shares of AT&T stock on the open market in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $34.65 per share, with a total value of $1,039,500.00. Following the acquisition, the director now directly owns 73,000 shares of the company’s stock, valued at approximately $2,529,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AT&T (NYSE:T) remained flat at $34.47 during trading on Monday. The stock had a trading volume of 14,723,735 shares. AT&T has a 52 week low of $31.74 and a 52 week high of $37.48. The stock has a 50-day moving average of $35.59 and a 200-day moving average of $34.65. The company has a market cap of $178.8 billion and a price-to-earnings ratio of 10.12.
AT&T (NYSE:T) last announced its earnings results on Wednesday, July 23rd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.67 earnings per share. On average, analysts predict that AT&T will post $2.60 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Macquarie raised their price target on shares of AT&T from $1.00 to $38.00 in a research note on Thursday, July 31st. Separately, analysts at Zacks reiterated an “outperform” rating on shares of AT&T in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.35.
AT&T Inc (NYSE:T), is a holding company.
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