Is AT&T Stock a Buy Now?

Shares of veteran telecom company AT (NYSE: T) saw a resurgence in recent months. The stock hit a 52-week high of $27.97 on March 4, the highest it's been in years, and is up more than 50% over the past 12 months through March 5.

This significant milestone reflects the company's progress in its multiyear transformation under CEO John Stankey. He took over the top spot in the summer of 2020 after the previous CEO's multibillion-dollar purchase of entertainment businesses drowned AT in massive debt.

Does the stock's current surge suggest now is the time to grab shares in the reinvigorated AT? To get to an answer, here's a dive into the telecom giant to determine if it's a worthwhile investment for the long haul.

Source Fool.com