Concerns about AT&T Inc.’s exposure to the media landscape are weighing on the company’s shares Monday, putting them on track for their largest four-day slide on record.
Analysts at Cowen & Co. and Baird each downgraded AT&T’s stock T-5.91% to the equivalent of neutral in Monday notes to clients, citing heightened risks stemming from the outbreak of COVID-19, the disease brought on by the novel coronavirus