Time to Sell AT&T Inc. After Today’s Option Traders Bearish Bets?

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In today’s session AT&T Inc. (T) recorded an unusually high (402) 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 402 contracts traded and 5258 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: T170120P00040000 closed last at: $8.95 or 0.6% down. The stock is down 0.06% or $0.02 after the news, hitting $33.25 per share. About 7.22 million shares traded hands. AT&T Inc. (NYSE:T) has risen 0.42% since March 12, 2015 and is uptrending. It has outperformed by 3.89% the S&P500.

Analysts await AT&T Inc. (NYSE:T) to reports earnings on October, 22 after the close. They expect $0.68 earnings per share, up 7.94% or $0.05 from last year’s $0.63 per share. T’s profit will be $4.18 billion for 12.22 P/E if the $0.68 EPS becomes reality. After $0.69 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -1.45% negative EPS growth.

Out of 8 analysts covering AT&T Inc. (NYSE:T), 4 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. AT&T Inc. was the topic in 11 analyst reports since July 27, 2015 according to StockzIntelligence Inc.

The institutional sentiment decreased to 0.9 in Q2 2015. Its down 0.25, from 1.15 in 2015Q1. The ratio worsened, as 87 funds sold all AT&T Inc. shares owned while 719 reduced positions. 128 funds bought stakes while 594 increased positions. They now own 2.75 billion shares or 2.07% less from 2.80 billion shares in 2015Q1.

Evercore Trust Company N.A. holds 25.74% of its portfolio in AT&T Inc. for 203.74 million shares. Mediatel Partners owns 935,304 shares or 15.95% of their US portfolio. Moreover, American Investment Services Inc. has 9.04% invested in the company for 476,812 shares. The Massachusetts-based Barry Investment Advisors Llc has invested 8.38% in the stock. Excalibur Management Corp, a Massachusetts-based fund reported 211,884 shares.

AT&T Inc. is a holding company. The Company provides telecommunications services. The company has a market cap of $204.21 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 32.68 P/E ratio. The Company’s divisions include Wireless, Wireline and International.

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