AT&T Attracts Huge Bullish Bets From Options Traders Ahead Of Earnings
Portfolio Pulse from Lisa Levin
AT&T Inc. (NYSE:T) shares traded lower after a downgrade from Citigroup, citing potential risks related to lead-sheathed cables. Despite this, AT&T attracted significant bullish bets from options traders, with calls outpacing puts by 2.5 to 1. The company is set to report its Q2 financial results on July 26, with analysts expecting earnings of 60 cents per share on quarterly revenue of $30 billion.
July 18, 2023 | 1:19 pm
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AT&T's stock was downgraded by Citigroup, but it attracted bullish bets from options traders. The company is expected to report Q2 earnings on July 26.
AT&T's stock was downgraded by Citigroup, which could negatively impact its stock price. However, the company attracted bullish bets from options traders, indicating a potential positive sentiment. The upcoming Q2 earnings report could also influence the stock's performance.
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RELEVANCE 100