AT&T stops share repurchase plans in response to COVID-19 outbreak

AT&T Inc withdrew plans to repurchase $4 billion in common stock as it was unable to predict the impact of the coronavirus outbreak on its business, the company said on Friday in a regulatory filing. Shares of AT&T fell 8% in midday trade. AT&T said it planned to continue investing in its network and taking care of its employees. …read more

Source:: Yahoo Finance

      

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