AT&T Inc. on Focus After Bearish Options Activity

 AT&T Inc. on Focus After Bearish Options Activity

In today’s session AT&T Inc. (T) recorded an unusually high (8,103) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious T decrease. With 8,103 contracts traded and 505734 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: T170120P00040000 closed last at: $3.45 or 13.7% down. About 2.20M shares traded hands. AT&T Inc. (NYSE:T) has declined 3.21% since April 18, 2016 and is downtrending. It has underperformed by 7.64% the S&P500.

AT&T Inc. (NYSE:T) Ratings Coverage

Out of 18 analysts covering AT&T Inc. (NYSE:T), 7 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 39% are positive. $48 is the highest target while $35 is the lowest. The $40.35 average target is 7.69% above today’s ($37.47) stock price. AT&T Inc. has been the topic of 34 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was reinitiated by Goldman Sachs on Monday, July 27 with “Neutral”. The firm has “Hold” rating by Independent Research given on Tuesday, October 25. The firm has “Buy” rating by Citigroup given on Monday, March 14. On Thursday, April 7 the stock rating was maintained by Jefferies with “Buy”. Buckingham Research downgraded the shares of T in a report on Friday, June 24 to “Neutral” rating. On Tuesday, November 8 the stock rating was downgraded by Oppenheimer to “Perform”. As per Thursday, February 4, the company rating was initiated by DA Davidson. The firm has “Outperform” rating by Oppenheimer given on Saturday, September 5. Barclays Capital downgraded the stock to “Equal-Weight” rating in Wednesday, October 26 report. As per Friday, August 14, the company rating was maintained by S&P Research.

According to Zacks Investment Research, “AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world’s most advanced IP-based business communications services, the nation’s fastest 3G network and the best wireless coverage worldwide, and the nation’s leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.16, from 1.18 in 2016Q1. The ratio fall, as 51 funds sold all AT&T Inc. shares owned while 641 reduced positions. 78 funds bought stakes while 736 increased positions. They now own 3.22 billion shares or 0.63% less from 3.24 billion shares in 2016Q1.
Sequoia Limited Co holds 0.34% or 28,348 shares in its portfolio. Sfe Inv Counsel owns 4,741 shares or 0.1% of their US portfolio. Harvest Management Limited Co has invested 0.34% of its portfolio in AT&T Inc. (NYSE:T). Moreover, Parthenon Ltd Com has 0.3% invested in AT&T Inc. (NYSE:T) for 27,668 shares. Fulton Breakefield Broenniman Ltd Com owns 166,689 shares or 1.47% of their US portfolio. Ronald Blue Commerce Limited Liability Company last reported 0.07% of its portfolio in the stock. Benjamin F Edwards Inc holds 0.61% or 72,094 shares in its portfolio. Parsons Capital Mngmt Incorporated Ri owns 117,588 shares or 0.63% of their US portfolio. Moreover, Kelly Lawrence W Associates Ca has 0.2% invested in AT&T Inc. (NYSE:T) for 20,381 shares. Bell Fincl Bank & holds 84,408 shares or 2.1% of its portfolio. Somerset Trust last reported 33,379 shares in the company. Affinity Wealth Mngmt accumulated 16,681 shares or 0.49% of the stock. Gratry & Ltd Liability Co accumulated 7,270 shares or 0.25% of the stock. The Georgia-based Invsts Asset Of Georgia Inc Ga Adv has invested 1.73% in AT&T Inc. (NYSE:T). East Coast Asset Mngmt Llc last reported 9,629 shares in the company.

AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. The company has a market cap of $235.78 billion. It operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility and International. It has a 15.94 P/E ratio. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.

T Company Profile

AT&T Inc. (AT&T), incorporated on October 5, 1983, is a holding company. The Firm is a well-known provider of communications and digital entertainment services in the United States and the world. The Firm operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company’s services offerings include wireless communications, data/broadband and Internet services, digital video services, local and long-distance telephone services, telecommunications equipment, managed networking and wholesale services. The Firm offers services and products to clients in the United States, Mexico and Latin America, and to businesses and other providers of telecommunications services around the world. The Firm also owns and operates approximately three regional sports networks, and holds interests in another regional sports network and a network dedicated to game-related programming, as well as Internet interactive game playing.

More recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “Better Buy: AT&T Inc. vs. T-Mobile” on November 06, 2016. Also Bloomberg.com published the news titled: “AT&T Discussed Idea of Takeover in Time Warner Meetings” on October 20, 2016. Seekingalpha.com‘s news article titled: “Is CenturyLink Really A Better Buy Than AT&T?” with publication date: November 18, 2016 was also an interesting one.

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