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AT&T stock's 'historic' plunge baffles Wall Street: 'There is no fundamental explanation'

The Ratings Game Last Updated: April 21, 2023 at 2:00 p.m. ET First Published: April 21, 2023 at 10:51 a.m. ET Stock rebounds Friday as analysts say latest results shouldn’t have come as a great surprise AT&T posted a sizable free-cash-flow miss for its first quarter, but several analysts saw the stock’s Thursday selloff as
Financial Press

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The Ratings Game

Stock rebounds Friday as analysts say latest results shouldn’t have come as a great surprise

AT&T posted a sizable free-cash-flow miss for its first quarter, but several analysts saw the stock’s Thursday selloff as overdone.

AP

AT&T Inc. bulls were out to defend the telecommunications stock Friday in the wake of a historic post-earnings selloff.

Shares of AT&T T were rallying 3.3% in Friday’s session after suffering a 10.4% decline in Thursday trading that marked the company’s second-worst percentage decline on record and one not seen at this magnitude in over two decades.

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