AT&T Inc. (NYSE:T) was the target of unusually large options trading activity on Thursday. Investors purchased 62,836 put options on the stock. This is an increase of approximately 239% compared to the average daily volume of 18,541 put options.

Shares of AT&T (NYSE:T) opened at 35.59 on Friday. The firm has a market capitalization of $218.52 billion, a P/E ratio of 16.72 and a beta of 0.49. The stock’s 50 day moving average is $37.77 and its 200 day moving average is $39.11. AT&T has a 1-year low of $35.10 and a 1-year high of $43.03.

AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion for the quarter, compared to the consensus estimate of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. Equities analysts predict that AT&T will post $2.94 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Taylor Wealth Management Partners grew its position in shares of AT&T by 0.4% in the 1st 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. Israel Discount Bank of New York grew its position in shares of AT&T by 0.6% in the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock valued at $154,000 after buying an additional 25 shares during the last quarter. Cornerstone Investment Partners LLC grew its position in shares of AT&T by 0.3% in the 1st quarter. Cornerstone Investment Partners LLC now owns 9,584 shares of the technology company’s stock valued at $398,000 after buying an additional 30 shares during the last quarter. Cedar Wealth Management LLC grew its position in shares of AT&T by 0.9% in the 1st quarter. Cedar Wealth Management LLC now owns 5,485 shares of the technology company’s stock valued at $228,000 after buying an additional 50 shares during the last quarter. Finally, Greatmark Investment Partners Inc. grew its position in shares of AT&T by 0.4% in the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,998 shares of the technology company’s stock valued at $490,000 after buying an additional 53 shares during the last quarter. 55.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on T shares. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the stock a “hold” rating in a research report on Saturday, May 20th. Vetr raised shares of AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price on the stock in a research report on Wednesday, August 16th. Moffett Nathanson raised shares of AT&T from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Cowen and Company reaffirmed a “market perform” rating and set a $41.00 target price (down from $43.00) on shares of AT&T in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of AT&T in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.41.

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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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