AT&T Sees Unusually Large Options Volume (T)
AT&T Inc. (NYSE:T) saw some unusual options trading on Thursday. Investors acquired 58,408 call options on the company. This represents an increase of 294% compared to the typical volume of 14,817 call options.
A number of brokerages have recently weighed in on T. Macquarie restated a “buy” rating and issued a $43.00 target price on shares of AT&T in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Thursday, August 24th. Vetr upgraded AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price for the company in a research note on Wednesday, August 16th. BidaskClub upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded AT&T from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.41.
AT&T (NYSE:T) opened at 35.59 on Friday. AT&T has a 12-month low of $35.10 and a 12-month high of $43.03. The stock’s 50 day moving average price is $37.77 and its 200 day moving average price is $39.11. The company has a market cap of $218.52 billion, a PE ratio of 16.72 and a beta of 0.49.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. AT&T had a return on equity of 14.53% and a net margin of 8.12%. The company had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that AT&T will post $2.94 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of AT&T during the 2nd quarter valued at about $314,000. Ullmann Financial Group Inc. bought a new stake in shares of AT&T during the 1st quarter valued at about $101,000. Feltz Wealth PLAN Inc. bought a new stake in shares of AT&T during the 1st quarter valued at about $104,000. Taylor Wealth Management Partners boosted its position in shares of AT&T by 0.4% during the 1st quarter. Taylor Wealth Management Partners now owns 2,550 shares of the technology company’s stock valued at $106,000 after purchasing an additional 11 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in shares of AT&T during the 1st quarter valued at about $109,000. Institutional investors own 55.01% of the company’s stock.
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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