NASDAQ:QNTU 4 June 2026

June 18, 2026, 9:48 AM EDT. AT&T Inc. shares fell in premarket trading, slipping to $22.37 from Wednesday's close of $22.44, as investors reacted to the announced CFO transition and ongoing fiber network costs. CFO Pascal Desroches will retire at year-end, succeeded by Jennifer Biry starting January 2027. The company aims to sustain free cash flow above $18 billion in 2026 despite heavy capital expenditure, including $5.1 billion spent in Q1. Market weakness weighed on the stock amid broader U.S. index declines driven by rate hike apprehensions following Federal Reserve signals. AT&T plans to provide further financial updates on July 22 with its Q2 earnings release. Meanwhile, competitor Verizon is simplifying wireless plans and removing fees to enhance customer retention, intensifying competition in the U.S. telecom sector.