AT&T Sees Unusually High Options Volume (T)
AT&T Inc. (NYSE:T) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 19,267 put options on the company. This is an increase of 201% compared to the average daily volume of 6,401 put options.
AT&T (NYSE:T) traded down 0.64% during trading on Tuesday, hitting $38.66. 21,737,300 shares of the company traded hands. The stock has a market capitalization of $237.68 billion, a PE ratio of 18.90 and a beta of 0.48. The company’s 50 day moving average is $38.52 and its 200-day moving average is $40.64. AT&T has a 52 week low of $36.10 and a 52 week high of $43.89.
AT&T (NYSE:T) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The firm had revenue of $39.40 billion for the quarter, compared to the consensus estimate of $40.50 billion. AT&T had a return on equity of 14.22% and a net margin of 7.77%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Analysts predict that AT&T will post $2.90 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Elgethun Capital Management bought a new stake in AT&T during the fourth quarter valued at about $100,000. Massey Quick & Co. LLC bought a new stake in AT&T during the fourth quarter valued at about $102,000. Ullmann Financial Group Inc. bought a new stake in AT&T during the first quarter valued at about $101,000. Feltz Wealth PLAN Inc. bought a new stake in AT&T during the first quarter valued at about $104,000. Finally, Taylor Wealth Management Partners increased its stake in AT&T by 0.4% in the first quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.
A number of brokerages recently commented on T. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.93 price target on the stock in a research note on Wednesday, May 24th. Instinet restated a “buy” rating and set a $45.00 price target (down from $46.00) on shares of AT&T in a research note on Sunday, April 2nd. Argus restated a “buy” rating and set a $51.00 price target on shares of AT&T in a research note on Monday, April 10th. Jefferies Group LLC restated a “buy” rating and set a $48.00 price target on shares of AT&T in a research note on Wednesday, April 19th. Finally, ValuEngine cut shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Twenty investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.16.
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AT&T Company Profile
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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