Time to Buy AT&T Inc. After Today’s Option Traders Bet?

 Time to Buy AT&T Inc. After Today's Option Traders Bet?

In today’s session AT&T Inc. (T) registered an unusually high (676) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious T increase. With 676 contracts traded and 210854 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: T180119C00045000 closed last at: $0.5 or 6.4% up. About 10.57 million shares traded hands. AT&T Inc. (NYSE:T) has risen 2.62% since April 25, 2016 and is uptrending. It has underperformed by 3.40% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.66 EPS, up 4.76% or $0.03 from last year’s $0.63 per share. T’s profit will be $4.10B for 15.00 P/E if the $0.66 EPS becomes a reality. After $0.74 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

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 1.89% above today’s ($39.6) stock price. AT&T Inc. has been the topic of 34 analyst reports since July 27, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of T in a report on Friday, July 24 with “Mkt Perform” rating. The firm earned “Overweight” rating on Friday, July 15 by Barclays Capital. The firm earned “Neutral” rating on Friday, June 24 by Buckingham Research. The firm has “Neutral” rating given on Monday, July 27 by Goldman Sachs. The stock has “Outperform” rating given by Oppenheimer on Saturday, September 5. The stock has “Hold” rating given by Drexel Hamilton on Monday, October 24. The firm has “Buy” rating by Macquarie Research given on Tuesday, September 1. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Monday, September 26 by HSBC. The company was maintained on Tuesday, July 19 by Citigroup. As per Wednesday, September 28, the company rating was downgraded by UBS.

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 Q2 2016. Its down 0.16, from 1.18 in 2016Q1. The ratio turned negative, 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.
Vigilant Mngmt Lc has invested 0.08% of its portfolio in AT&T Inc. (NYSE:T). Weaver C Barksdale And Assoc holds 1.68% of its portfolio in AT&T Inc. (NYSE:T) for 22,337 shares. 10 holds 1.02% of its portfolio in AT&T Inc. (NYSE:T) for 82,354 shares. Lakeview Cap Partners Ltd Liability accumulated 1.29% or 50,202 shares. The Georgia-based Vident Invest Advisory Ltd Company has invested 0.41% in AT&T Inc. (NYSE:T). Connors Investor has 0.77% invested in the company for 92,330 shares. Ht Ltd Co has 0.26% invested in the company for 11,000 shares. Moreover, Texas Cap Retail Bank Inc Tx has 1.2% invested in AT&T Inc. (NYSE:T) for 12,230 shares. Comml Bank Of The Ozarks has 140,391 shares for 2.2% of their US portfolio. Insight 2811 accumulated 0.82% or 49,465 shares. Strategic Finance Inc holds 22,730 shares or 0.2% of its portfolio. 1St Source Bank has 0.85% invested in the company for 173,997 shares. Smith Chas P And Pa Cpas has 453,714 shares for 3.3% of their US portfolio. Ironwood Ltd, a Arizona-based fund reported 378 shares. Moreover, Wealth Architects Lc has 0.24% invested in AT&T Inc. (NYSE:T) for 11,571 shares.

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 $246.20 billion. It operates through four divisions: Business Solutions, Entertainment Group, Consumer Mobility and International. It has a 16.85 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 notable recent AT&T Inc. (NYSE:T) news were published by: Fool.com which released: “Better Buy: AT&T, Inc. vs. Sprint Corp.” on November 28, 2016, also Fool.com with their article: “4 Terrible Reasons to Sell AT&T Inc. Stock” published on November 21, 2016, Wsj.com published: “As AT&T’s DirecTV Now Streaming Service Is Unveiled, Watch the Details” on November 26, 2016. More interesting news about AT&T Inc. (NYSE:T) were released by: Fool.com and their article: “Better Buy: AT&T Inc. vs. T-Mobile” published on November 06, 2016 as well as Prnewswire.com‘s news article titled: “AT&T on Path to Triple DIRECTV Presence in Best Western Hotel Rooms” with publication date: November 21, 2016.

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