On December 10, Morgan Stanley lowered the firm’s price target on AT&T Inc. (NYSE:T) to $30 and $32 and kept an Overweight rating on the shares.

The National Advertising division referred T-Mobile to the FTC and state attorneys general because the company declined to participate in AT&T's challenge to claims regarding 5G service.

T-Mobile declined to participate in the NAD probe because of a lawsuit filed by AT&T against the group, a spokesperson said.

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AT&T is optimizing gaming, streaming and work-related traffic for customers who subscribe to both fiber and mobile services.

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