AT&T CEO says net additions are lower in January; shares fall

Shares of telecom company AT&T T.N fall 4.5% to $26.4

AT&T's CEO John Stankey said at the Morgan Stanley TMT conference that January is typically a month with lower net additions in the year

This could signal a slow start to the year for the company's customer growth

Stankey said he expects increasing yields from existing customers through ARPU (average revenue per user) improvements due to repricing strategies

22 of 30 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell;" their median PT is $26.67 — LSEG

T stock has fallen ~17% YTD