As always, beauty is in the eye of the beholder and their outlook, time frame, and objectives. T looks "cheap" at these levels with a nice dividend. Unfortunately they have a lot of debt (like many companies) so there is interest rate risk given they will be refinancing that debt at higher rates in the future. Debt is not a huge issue for companies that are growing. I'm not sure what the catalyst for growth is for T though (if any). Technically (charts), if you are into that, the stock looks a bit like GE at $25 but the fundamentals for T are much better, imo. There is plenty of price support that "should" keep it from larger draw downs. The same WAS true for GE. However, it looks to me like T's Friday close was the lowest weekly close in 6+ years. The stock bounced from $31.xx in 2014, 2015, and May 2018...now it sits at $31.10 which may be a line in the sand given three prior reversals. I use GE's tecnicals as an example only because I know you were/are in that one...I don't believe T is in the same boat fundamentally.
Did you buy T for the dividend, because it looks cheap (value play), or for growth potential? If there is one thing I've learned over the years...cheap stocks tend to get cheaper than what I could imagine (GE) and expensive stocks tend to get more expensive than what I could imagine (CMG). Trying to out guess the the market by picking reversals (tops or bottom) has typically been a loss for me.
