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AT&T (T) stock sank Wednesday after the telecom carrier gave lower-than-expected 2014 free cash flow guidance, which analysts expect will curtail stock buybacks that have boosted EPS. AT&T late Tuesday reported Q4 EPS above views, but its wireless subscriber additions lagged Wall Street estimates amid stiffer competition. AT&T stock was down 3.5% in heavy morning trading in the stock market today, near 32.50, a 21-month low. AT&T forecast 2014 FCF Scalper1 News
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