AT&T has been down lately due to the litigation for Time Warner merger. They got a favourable decision and the merger is moving on. It’s a move which is very difficult to value as the such mergers tend to come with pros and cons – huge debt load being one of them. Other telecoms are making similar moves on smaller scale but this is big enough to really move the needle. I personally share some of the doubts people are having about this but overall I view this as a positive change. Therefore I bought additional 40 shares for 32,55 USD per share.
See: http://money.cnn.com/2018/06/12/media/att-time-warner-ruling/index.html