AT&T does not intend to immediately remove lead cables from Lake Tahoe: Court filing

AT&T said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according to a court filing.

Shares of AT&T this week hit their lowest level in 30 years, after analysts downgraded the stock following a July 9 Wall Street Journal report that AT&T and other telecom companies have left toxic lead cables on poles, underwater and buried under ground. AT&T shares dipped 0.6% to close at $13.45 on Tuesday.