Is AT&T Stock a Diamond in the Rough or a Value Trap?

Over the past decade, few stocks have been as much of a disappointment as AT&T (NYSE: T). As you can see from the chart below, the stock price has fallen 41% during that time, even though it's managed to deliver a positive total return with the help of dividend payouts. Still, it has significantly trailed the S&P 500.

T data by YCharts

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Source Fool.com