Oppenheimer Downgrades AT&T Stock Amid Concerns Over SpaceX's Satellite Broadband Threat
AT&T (T) stock is declining following an Oppenheimer downgrade to 'Perform' as analyst Timothy Horan warns that satellite broadband, particularly from SpaceX ahead of its IPO, poses a growing threat. The concern centers on potential market share loss in fixed broadband and regulatory support for satellite internet.
Tickers: $T
Topics: AT&T performance satellite broadband competition stock downgrade