AT&T, Verizon Plummet To Multidecade Lows: Toxic Lead Investigation Sparks Telco Sell-Off, Analysts Head For The Exits

Shares in telecom giants AT&T Inc (NYSE:T), Verizon Communication Inc (NYSE:VZ), Telephone and Data Systems, Inc (NYSE:TDS), and Frontier Communication Parent, Inc (NASDAQ:FYBR) dropped dramatically Monday, shedding 7% to 15%. The Wall Street Journal’s investigation revealing the neglect of a network of harmful lead-coated cables prompted the market backlash.