Why AT&T Stock Was Slipping Today

Shares of AT&T (NYSE: T) were pulling back today on a down day in the market and after MoffettNathanson downgraded the stock this morning.

AT&T shares were down 4.1% as of 2:19 p.m. ET.

Research firm MoffettNathanson lowered its rating on AT&T from market perform to underperform this morning for mostly valuation-based reasons.