This Is What Whales Are Betting On AT&T
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on AT&T (NYSE:T), with Benzinga's options scanner spotting 10 uncommon options trades for the company. The sentiment of these big-money traders is split 50% bullish and 50% bearish. Whales have been targeting a price range from $10.0 to $17.0 for AT&T over the last 3 months. Citigroup upgraded its action to Buy with a price target of $17, while Morgan Stanley downgraded its action to Equal-Weight with a price target of $20. RBC Capital maintained their Sector Perform rating on AT&T, with a price target of $14.
August 31, 2023 | 5:48 pm
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A large investor has taken a bullish stance on AT&T, with uncommon options trades spotted. Analysts have mixed opinions, with upgrades and downgrades from different firms.
The news of a large investor taking a bullish stance on AT&T, coupled with the mixed analyst ratings, could lead to increased volatility in the stock's price. The large volume of options trades indicates significant interest in the stock, which could drive the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100