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Is AT&T Stock a Buy Now?

TheMotleyFool

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Is AT&T Stock a Buy Now?: https://g.foolcdn.com/editorial/images/741425/att_retail_chicago.jpg

AT (NYSE: T) posted its second-quarter report on July 26. Its revenue rose 1% year over year to $29.9 billion, which missed analysts' estimates by $30 million. Its adjusted earnings per share (EPS) fell 3% to $0.63 but beat the consensus forecast by three cents.

AT's stock barely budged after that mixed report, and it remains down nearly 20% this year. It certainly looks cheap AT six times forward earnings and pays a hefty forward dividend yield of 7.5% -- but is it a worthwhile long-term investment?

Image source: AT

Source Fool.com