AT&T and Verizon stocks volatile amid concerns over abandoned toxic lead cables
- AT&T and Verizon stocks hit multi-decade lows after reports revealed the companies left toxic lead cables buried across the US.
- Lawmakers are pressuring the companies to address health and environmental risks posed by the cables.
- Financial analysts downgraded the stocks due to potential legal, reputational and cleanup costs.
- The companies have contested findings about contamination risks but face scrutiny over proper removal of the cables.
- After initial declines, share prices rebounded as analysts viewed the sell-off as potentially overdone.
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