Shares of telecom stalwart AT (NYSE: T) experienced a downward trend in recent months. The depressed stock price appears to provide a buy opportunity, particularly if you're interested in AT as an income investment, given that the stock sports an attractive dividend yield over 7%.
The share price hit a 52-week low on July 18, after news broke of lead-sheathed cables in AT's telecommunications network, stirring up concerns about the potential liability this could create for the company.
Since the stock remains not far from its 52-week low at the time of this writing, does it make sense to buy at shares? After all, the price has fallen despite the broader stock market's recovery from the recent bear market.
Source Fool.com