What's Going On With AT&T Stock?
Portfolio Pulse from Adam Eckert
AT&T Inc (NYSE:T) shares are trading higher after a significant drop due to a downgrade from Citigroup. The downgrade was due to potential risks related to lead sheathed cables. Despite this, options traders are making bullish bets on AT&T ahead of its upcoming earnings report. The company is set to report second-quarter financial results on July 26.
July 18, 2023 | 2:50 pm
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AT&T's stock is recovering after a downgrade from Citigroup due to potential risks related to lead sheathed cables. However, bullish bets are being made ahead of its Q2 earnings report.
AT&T's stock was downgraded due to potential risks related to lead sheathed cables. This caused a significant drop in the stock price. However, the stock is now recovering and bullish bets are being made ahead of its Q2 earnings report. This suggests that investors are optimistic about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100