Down 9%, Should You Buy the Dip on AT&T?

AT&T's (NYSE: T) stock hit a 52-week high of $29.03 per share on April 3. That represented a gain of more than 60% over the previous year. Investors appear to have embraced AT&T for three reasons:

Today, however, AT&T's stock trades about 9% below that 52-week high. Should investors consider this slight pullback to be a good buying opportunity? Or could it sink even further over the next year?

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