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AT&T (NYSE:T) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 196,919,776 shares, a decrease of 1.5% from the July 15th total of 199,960,170 shares, Stock Ratings News reports. Based on an average daily trading volume, of 28,475,244 shares, the days-to-cover ratio is presently 6.9 days. Approximately 3.8% of the company’s stock are short sold.

In other AT&T news, Director Matthew K. Rose purchased 30,000 shares of AT&T stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $34.65 per share, for a total transaction of $1,039,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

T has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.35.

AT&T (NYSE:T) traded down 0.72% on Tuesday, hitting $34.4001. 4,753,274 shares of the company’s stock traded hands. AT&T has a 52 week low of $31.74 and a 52 week high of $37.48. The stock’s 50-day moving average is $35.48 and its 200-day moving average is $34.71. The company has a market cap of $178.4 billion and a P/E ratio of 10.18.

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. Analysts expect that AT&T will post $2.60 EPS for the current fiscal year.

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

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