Stock Traders Buy High Volume of Put Options on Directv (DTV)
Directv (NYSE:DTV) saw unusually large options trading on Friday. Stock investors purchased 6,107 put options on the company, AnalystRatingsNetwork reports. This represents an increase of 393% compared to the average volume of 1,239 put options.
DTV has been the subject of a number of recent research reports. Analysts at Pivotal Research upgraded shares of Directv from a “hold” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $90.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Directv from $86.00 to $90.00 in a research note on Monday, August 4th. They now have a “sector perform” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Directv in a research note on Friday, August 1st. They now have a $97.00 price target on the stock, up previously from $95.00. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Directv currently has a consensus rating of “Hold” and a consensus price target of $89.72.
Shares of Directv (NYSE:DTV) traded down 0.32% on Friday, hitting $84.55. The stock had a trading volume of 2,234,744 shares. Directv has a 1-year low of $57.05 and a 1-year high of $89.46. The stock has a 50-day moving average of $85. and a 200-day moving average of $80.65. The company has a market cap of $42.463 billion and a P/E ratio of 15.46.
Directv (NYSE:DTV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.53 by $0.06. The company had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.01 billion. During the same quarter last year, the company posted $1.18 earnings per share. Directv’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Directv will post $5.93 earnings per share for the current fiscal year.
DIRECTV is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (NYSE:DTV), operating segments: DIRECTV U.
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