AT&T: About 53% Undervalued, But Is It A Buy?

PAU BARRENA/AFP via Getty Images AT&T Inc. (NYSE:T) usually grabs the attention of investors looking for income. It's no surprise, considering the company is currently dishing out an enticing 6.66% dividend, drawing in investors hoping for a steady income and maybe a boost in the company's valuation back to its historical average. This could potentially lead to significant returns, especially if the stock is trading at a blended PE of 6.85x today, roughly 53% below its 20-year average of 12.91x. However ...