AT&T Inc. (NYSE:T) was the recipient of some unusual options trading on Monday. Stock investors acquired 58,888 call options on the company. This is an increase of approximately 177% compared to the typical daily volume of 21,292 call options.

Shares of AT&T (T) traded up 0.53% during mid-day trading on Monday, reaching $38.15. The company’s stock had a trading volume of 18,403,736 shares. The firm has a market cap of $234.55 billion, a price-to-earnings ratio of 18.66 and a beta of 0.48. The company’s 50-day moving average is $38.51 and its 200 day moving average is $40.64. AT&T has a 12 month low of $36.10 and a 12 month high of $43.89.

AT&T (NYSE:T) last announced its earnings results on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $39.40 billion for the quarter, compared to analyst estimates of $40.50 billion. AT&T had a net margin of 7.77% and a return on equity of 14.22%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. On average, equities analysts anticipate that AT&T will post $2.90 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Waldron LP raised its position in shares of AT&T by 1.8% in the first quarter. Waldron LP now owns 94,029 shares of the technology company’s stock worth $3,906,000 after buying an additional 1,700 shares during the period. Cpcm LLC raised its position in shares of AT&T by 0.9% in the first quarter. Cpcm LLC now owns 42,382 shares of the technology company’s stock worth $1,761,000 after buying an additional 390 shares during the period. Atlantic Trust LLC raised its position in shares of AT&T by 5.1% in the first quarter. Atlantic Trust LLC now owns 120,671 shares of the technology company’s stock worth $5,014,000 after buying an additional 5,838 shares during the period. Aldebaran Financial Inc. raised its position in shares of AT&T by 27.4% in the first quarter. Aldebaran Financial Inc. now owns 80,092 shares of the technology company’s stock worth $3,328,000 after buying an additional 17,246 shares during the period. Finally, Laurel Wealth Advisors Inc. raised its position in shares of AT&T by 8.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 79,360 shares of the technology company’s stock worth $3,297,000 after buying an additional 6,501 shares during the period. Institutional investors and hedge funds own 55.35% of the company’s stock.

A number of brokerages have weighed in on T. Deutsche Bank AG reaffirmed a “hold” rating and issued a $41.00 target price (down previously from $42.00) on shares of AT&T in a report on Saturday, April 29th. Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $43.59 target price on the stock in a report on Wednesday, March 22nd. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the company a “hold” rating in a report on Saturday, May 20th. SunTrust Banks, Inc. began coverage on AT&T in a report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of AT&T in a report on Friday, June 2nd. Eighteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.37.

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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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