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Why AT&T Stock Is a Buy Right Now

TheMotleyFool

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Why AT&T Stock Is a Buy Right NowPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

It was a long time coming. Shares of telecom titan AT (NYSE: T) have finally reversed course after languishing below $20 per share for some time. In fact, the stock was on the decline, and reached a 52-week low around $14 last August.

Since then, AT's financial performance has proven the company is on a positive trajectory. Its stock began to climb, attaining a 52-week high of $19.99 this August. Shares remain near that high AT the time of this writing.

Given the increase in its share price, is AT a buy now? Absolutely. Here are some of the reasons why the telecom veteran is a worthwhile investment for the long haul.

Source Fool.com