AT&T inventory fell to 29-year low on Friday and sank one other 6.7% right now

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AT&T’s inventory worth hit a 29-year low on Friday and continued to sink right now as traders fled telecom shares on reviews that cleanups of lead-covered phone cables may price the business tens of billions of {dollars}.

AT&T inventory dropped 4.1 % to $14.50 on Friday, reportedly the bottom shut since 1994. AT&T’s inventory worth fell one other 6.7 % to $13.53 when the market closed right now.

Frontier Communications inventory dropped 11.9 % on Friday and was down 15.Eight % right now. Verizon inventory fell 1.Eight % on Friday and was down 7.5 % right now. Lumen (previously CenturyLink) fell 10.2 % Friday and was down 8.6 % right now.

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