Should You Buy AT&T Stock At This Price?

Shares of AT&T (T) trade at just 7.2 times earnings, compared with 22.3 for the median S&P 500 company. The stock lost 8.8% over the past twelve months, trailing a broader S&P 500 that returned 17.3%. Investors are looking at either a deeply discounted business or a fair valuation for a stagnant operation. So what does AT&T earn behind that low price.