T - What's Going On With AT&T Shares? | Benzinga
AT&T Inc. (NYSE: T) shares are trading slightly lower by 0.5% to $15.05 during Monday's session, depsite a lack of company-specific news. Telecommunications stocks are volatile in recent sessions with concerns about future rate hikes following last Wednesday's FOMC statement and lower-than-expected initial jobless claims data.
AT&T has a substantial amount of debt due to its acquisitions and investments in its network infrastructure. If the Federal Reserve signals future interest rate hikes, it could lead to higher interest expenses for AT&T, as the company may need to refinance debt or secure new financing ...