Synovus Financial Corp Decreased Stake in At&T Inc (Call) (NYSE:T) by $25.37 Million as Shares Declined

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Synovus Financial Corp decreased its stake in At&T Inc (Call) (NYSE:T) by 99.19% based on its latest Q3 2015 regulatory filing with the SEC. Synovus Financial Corp sold 792,731 shares as the company’s stock declined 8.41% with the market. The institutional investor held 6,500 shares of the telecommunications equipment company at the end of Q3, valued at $212,000, down from 799,231 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in At&T Inc (Call) since many months, could be less bullish the $207.75B market cap company. The stock decreased 0.62% or $0.21 during the last trading session, hitting $33.56. About 25.85 million shares traded hands or 20.57% up from the average. AT&T Inc. (NYSE:T) has declined 3.12% since April 30, 2015 and is downtrending. It has underperformed by 2.83% the S&P500.

Get a free copy of the Zacks research report on AT&T Inc. (T).

Out of 26 analysts covering AT&T Inc. (NYSE:T), 16 rate it “Buy”, 3 “Sell”, while 15 “Hold”. This means 47% are positive. $42 is the highest target while $23 is the lowest. The $37.12 average target is 15.23% above today’s ($33.56) stock price. AT&T Inc. was the topic in 12 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the stock on September 5 with “Outperform” rating. Macquarie Research maintained the shares of T in a report on September 1 with “Buy” rating.

More notable recent AT&T Inc. (NYSE:T) news were published by: which released: “More On The AT&T Dividend Controversy” on December 03, 2015, also with their article: “AT&T: From Grandma To Growth Stock” published on December 02, 2015, published: “Two Hopkins County Industrial Parks Designated As AT&T Fiber Ready” on December 02, 2015. More interesting news about AT&T Inc. (NYSE:T) were released by: and their article: “Does ATandT Inc. Aim to Put An End to Old Unlimited-Data Plan?” published on December 01, 2015 as well as‘s news article titled: “AT&T ups cost of its grandfathered unlimited data plans” with publication date: December 01, 2015.

AT&T Inc. is a holding company. The Company provides telecommunications services. The company has a market cap of $207.75 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 39.18 P/E ratio. The Company’s divisions include Wireless, Wireline and International.

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