Short Interest in AT&T Inc. (NYSE:T) Grows By 5.8%

AT&T Inc. (NYSE:T) saw a large increase in short interest in July. As of July 14th, there was short interest totalling 158,228,985 shares, an increase of 5.8% from the June 30th total of 149,499,122 shares. Based on an average daily trading volume, of 20,944,354 shares, the days-to-cover ratio is currently 7.6 days. Approximately 2.6% of the company’s stock are sold short.

Shares of AT&T (NYSE T) opened at 38.10 on Friday. The company has a 50 day moving average of $37.57 and a 200 day moving average of $39.64. AT&T has a 52 week low of $35.81 and a 52 week high of $43.32. The firm has a market cap of $233.93 billion, a PE ratio of 17.90 and a beta of 0.47.

AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.05. The firm had revenue of $39.84 billion during the quarter, compared to analyst estimates of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. AT&T’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, equities research analysts anticipate that AT&T will post $2.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.96 annualized dividend and a dividend yield of 5.14%. AT&T’s dividend payout ratio (DPR) is 92.45%.

A number of research firms have issued reports on T. Deutsche Bank AG reiterated a “hold” rating and set a $41.00 target price (down from $42.00) on shares of AT&T in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada set a $42.00 target price on shares of AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. Vetr upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price objective on the stock in a report on Wednesday, June 21st. Finally, SunTrust Banks, Inc. assumed coverage on shares of AT&T in a research report on Tuesday, April 18th. They issued a “hold” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.50.

Institutional investors have recently bought and sold shares of the stock. Citizens & Northern Corp raised its position in AT&T by 1.1% in the fourth quarter. Citizens & Northern Corp now owns 17,658 shares of the technology company’s stock valued at $751,000 after buying an additional 192 shares during the period. Advisory Research Inc. raised its stake in AT&T by 0.3% in the fourth quarter. Advisory Research Inc. now owns 39,159 shares of the technology company’s stock worth $1,665,000 after buying an additional 102 shares in the last quarter. Northwest Quadrant Wealth Management LLC purchased a new stake in AT&T during the fourth quarter worth approximately $685,000. Diligent Investors LLC purchased a new stake in AT&T during the fourth quarter worth approximately $3,028,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in AT&T during the fourth quarter worth approximately $636,000. Institutional investors own 55.28% of the company’s stock.

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About AT&T

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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