Sad to see this news:
AT&T's stock has been underperforming for years and is heavily indebted, making it an unattractive long-term investment.
There may be a near-term rebound in AT&T's stock, but the upside is minimal and the company's growth prospects are lacking.
AT&T's acquisition of Time Warner was a disaster, and its outdated and inefficient managerial approach is unlikely to change.
This idea was discussed in more depth with members of my private investing community, The Financial Prophet.
https://seekingalpha.com/article/4629598-finally-saying-oxi-to-att-rating-downgrade