AT&T stock slips after fresh downgrade as traders brace for jobs data and Jan. 28 earnings
AT&T shares fell 1.1% to $24.06 Wednesday after Arete Research downgraded the stock to “sell” with a $20 target. The move came as the S&P 500 traded flat and investors awaited Friday’s U.S. payrolls report. AT&T is set to report fourth-quarter results on Jan. 28. American Airlines announced a new partnership with AT&T to provide free in-flight Wi-Fi for loyalty members.