AT&T Inc. (NYSE:T) saw unusually large options trading activity on Thursday. Stock traders acquired 620,989 call options on the stock. This is an increase of approximately 190% compared to the average daily volume of 214,134 call options.
Shares of NYSE T traded up $1.41 during midday trading on Thursday, reaching $31.52. The company’s stock had a trading volume of 2,900,949 shares, compared to its average volume of 42,781,926. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $29.97 and a 200 day moving average price of $29.02. AT&T has a one year low of $26.35 and a one year high of $33.24. The company has a market cap of $224.79 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70.
AT&T (NYSE:T) last released its quarterly earnings results on Tuesday, January 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The business had revenue of $45.70 billion for the quarter, compared to analyst estimates of $44.58 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that AT&T will post 3.17 earnings per share for the current fiscal year.
Several research firms have recently weighed in on T. Deutsche Bank Aktiengesellschaft dropped their target price on shares of AT&T from $36.00 to $31.00 in a research report on Monday, February 8th. Raymond James reaffirmed a “buy” rating on shares of AT&T in a report on Monday, March 15th. Credit Suisse Group decreased their price target on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 19th. CIBC reaffirmed a “buy” rating on shares of AT&T in a report on Wednesday, February 10th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of AT&T in a report on Wednesday, March 3rd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.82.
Several hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in shares of AT&T by 32.7% during the 4th quarter. Westside Investment Management Inc. now owns 25,879 shares of the technology company’s stock worth $267,944,000 after buying an additional 6,382 shares during the period. Seelaus Asset Management LLC grew its holdings in AT&T by 106.3% during the 4th quarter. Seelaus Asset Management LLC now owns 39,241 shares of the technology company’s stock worth $1,129,000 after acquiring an additional 20,216 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of AT&T by 50.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 132,087 shares of the technology company’s stock valued at $3,799,000 after purchasing an additional 44,059 shares during the last quarter. Cibc World Markets Corp raised its position in shares of AT&T by 31.5% in the 4th quarter. Cibc World Markets Corp now owns 2,379,426 shares of the technology company’s stock valued at $68,432,000 after acquiring an additional 570,162 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in AT&T by 47.5% during the 4th quarter. Financial Advocates Investment Management now owns 198,256 shares of the technology company’s stock worth $5,702,000 after buying an additional 63,812 shares during the period. Institutional investors and hedge funds own 51.17% of the company’s stock.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
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