Why AT&T Shares Fell 22.6% in the First Half of 2020
Shares of AT&T (NYSE: T) fell 22.6% in the first six months of 2020, according to data from S&P Global Market Intelligence. The telecom and entertainment giant fell along with the general market in the March crash but hasn't recovered as well as some of its peers.
Known for its wireless service and wireline business offerings, AT&T has made huge acquisitions in the media content and distribution business over the past five years, with the 2015 $49 billion acquisition of DirecTV and the 2018 $85 billion acquisition of Time Warner. However, it's those very businesses that are now hurting in the current environment.
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Source Fool.com
