Shares in telecoms group AT&T (T) dialed down today as it faced a tirade from a grumpy President Trump.
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Faith Delayed
In a post to Truth Social, President Trump railed against the company for delaying a conference call, presumably from the White House.
He thundered: “I’m doing a major Conference Call with Faith Leaders from all over the Country, and AT&T is totally unable to make their equipment work properly. This is the second time it’s happened. If the Boss of AT&T, whoever that may be, could get involved – It would be good. There are tens of thousands of people on the line!”
Perhaps forgetting one of the central tenets of faith – forgiveness and understanding – Trump took to Truth Social for a second go at AT&T.
“I apologize for the long wait on the Faith Leaders conference call. AT&T ought to get its act together. Please pass along the word to the tens of thousands of people who are there. We may have to reschedule the call, but we’ll use another carrier the next time. AT&T obviously doesn’t know what they are doing.”
AT&T Not to Blame
AT&T, which is actually led by John Stankey, fought back. It posted an initial reply stating that it had contacted the White House and was working to quickly understand and assess the situation.
In a follow-up, it added: “Our initial analysis indicates that the disruption was caused by an issue with the conference call platform, not our network. Unfortunately, this caused the delay and we are working diligently to better understand the issue so we can prevent disruptions in the future.”
Trump Impact Result – AT&T stock is down 0.4% today.
For more Trump social media comments and the impact they have on stocks and sectors, visit our Trump Dashboard. Is he grumpy Donald? Trumpy Donald? Or the rarely seen and heard Neutral Donald?
Is T a Good Stock to Buy Now?
On TipRanks, T has a Strong Buy consensus based on 13 Buy and 2 Hold ratings. Its highest price target is $34. T stock’s consensus price target is $30.58 implying a 6.09% upside.
