The stock declined after a Wells Fargo downgrade citing increased competition and expected broadband subscriber losses. However, a bullish thesis highlights the company's low valuation with trailing and forward P/E ratios of 5.73 and 4.82. The company recently completed a $3 billion high-coupon bond issuance to refinance debt, which reflects current market pressures but also provides capital. Third-quarter results were reported, and the company is actively expanding its networks amidst a competitive telecom landscape.