Is AT&T a Buy?

U.S. telecommunications giant AT (NYSE: T) has lulled investors to sleep with its poor performance over most of the past decade. But the stock has enjoyed a face-ripping rally over the past year, surging nearly 60% at the time of this writing. Suddenly, at is a market-beating winner.

Some of the credit for that turnaround goes to the company, which has worked through a cumbersome debt load and failed acquisitions to return to its roots as a telecommunication-focused company. The company also rightsized its dividend a few years back, freeing up cash flow, and still offers a 4.1% yield today.

So, is the stock a buy? I dove into the numbers to determine whether AT can stay hot, and I've shared that below. AT's appeal ultimately depends on you. Here is what you need to know.

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Source Fool.com