Lumen shares are trading higher in sympathy with AT&T after the company said less than 10% of its nationwide copper-wire telecom network has lead-clad cables in response to a last week story.
Portfolio Pulse from Benzinga Newsdesk
Lumen shares are trading higher in sympathy with AT&T after AT&T announced that less than 10% of its nationwide copper-wire telecom network has lead-clad cables. This is in response to a story from last week.
July 19, 2023 | 2:22 pm
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POSITIVE IMPACT
Lumen's stock price is trading higher due to AT&T's announcement about the limited presence of lead-clad cables in its telecom network.
Lumen's stock price is rising in sympathy with AT&T. This is likely due to the fact that both companies operate in the telecom industry, and AT&T's announcement about the limited presence of lead-clad cables in its network may have alleviated concerns about similar issues in Lumen's network.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
AT&T's stock price may be positively impacted by its announcement that less than 10% of its telecom network has lead-clad cables.
AT&T's announcement about the limited presence of lead-clad cables in its telecom network may have alleviated investor concerns, potentially leading to a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100