Be careful about AT&T. The quality of earnings has been falling. This is due to more and more leverage. The thing that is not figured into the quality of earnings is the Deferred Maintenance. There is quite a lot of it and Deferred Maintenance is a debt that can be called at anytime and the premuim on the loan is unknown.
Sold mine at 35, you can keep the dividends and 20 percent run up. The CEO is steering a treacherous course.
Cheers
Qazulight