Bearish Options Activity on AT&T Inc. After Worse Fundamentals

In today’s session AT&T Inc. (T) recorded an unusually high (800) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious T decrease. With 800 contracts traded and 24204 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: T161021P00031000 closed last at: $0.31 or 3.3% up. The stock decreased 0.51% or $0.2 on April 1, hitting $39.17. About 25 shares traded hands. AT&T Inc. (NYSE:T) has risen 23.18% since August 25, 2015 and is uptrending. It has outperformed by 12.89% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to reports earnings on April, 27. They expect $0.69 earnings per share, up 9.52% or $0.06 from last year’s $0.63 per share. T’s profit will be $4.24 billion for 14.19 P/E if the $0.69 EPS becomes reality. After $0.63 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 9.52% EPS growth.

Out of 27 analysts covering AT&T Inc. (NYSE:T), 17 rate it “Buy”, 3 “Sell”, while 14 “Hold”. This means 50% are positive. AT&T Inc. was the topic in 17 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on March 14 with “Buy” rating.

The institutional sentiment increased to 2.21 in Q3 2015. Its up 1.31, from 0.9 in 2015Q2. The ratio increased, as 69 funds sold all AT&T Inc. shares owned while 426 reduced positions. 143 funds bought stakes while 952 increased positions. They now own 3.30 billion shares or 19.98% more from 2.75 billion shares in 2015Q2.

King Investment Advisors Inc Tx holds 46.24% of its portfolio in AT&T Inc. for 209,336 shares. Evercore Trust Company N.A. owns 203.44 million shares or 25.57% of their US portfolio. Moreover, Mediatel Partners has 15.54% invested in the company for 935,304 shares. The Massachusetts-based Excalibur Management Corp has invested 8.52% in the stock. American Investment Services Inc., a Massachusetts-based fund reported 391,453 shares.

AT&T Inc. is a holding company. The Company provides telecommunications services. The company has a market cap of $240.45 billion. The Company’s services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. It has 17.31 P/E ratio. The Company’s divisions include Wireless, Wireline and International.

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