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Shares of AT&T (NYSE:T) saw some unusual options trading activity on Thursday. Traders bought 39,763 call options on the company, reports. This represents an increase of 140% compared to the typical volume of 16,592 call options.

In other AT&T news, Director Matthew K. Rose acquired 30,000 shares of the company’s stock in a transaction that occurred on 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. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.35.

AT&T (NYSE:T) traded up 0.32% during mid-day trading on Thursday, hitting $34.64. 15,931,877 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 $35.43 and its 200-day moving average is $34.72. The company has a market cap of $179.6 billion and a price-to-earnings ratio of 10.14.

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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