NEW YORK (TheStreet) -- Time Warner Cable (TWC) dropped after an analyst lowered the recommendation on the stock and the company was hit with a net neutrality lawsuit. T-Mobile U.S. (TMUS - Get Report) stumbled as it presses the Federal Communications Commission to prevent AT&T (T - Get Report) from snapping up more low-band spectrum.
Time Warner Cable fell 0.8% to close at $177.03.
The cable company took a hit after Scotia Capital downgraded it to sector perform from sector outperform, according to a report in Briefing.com.
In addition to the downgrade, Time Warner Cable also got slapped with a net neutrality lawsuit by Commercial Network Services, a streaming media provider, according to a report in Engadget. The virtual server company alleged Time Warner Cable only provided access to congested broadband pipes and was asking for payment to put Commercial Network's content through low-latency connections, according to Engadget.
T-Mobile stumbled 0.5% to end the day at $39.03.
The telecom carrier dipped as it tries to push the Federal Communications Commission to take action against AT&T and Verizon Communications (VZ - Get Report) by prohibiting the two telecom behemoths from acquiring low-band spectrum from East Kentucky Network, according to a Zacks report.
T-Mobile is trying to sway the FCC to see things its way but arguing such an acquisition by AT&T and Verizon would not be in the public's interest, according to Zacks.