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Is AT&T Stock a Buy Now?

TheMotleyFool

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Is AT&T Stock a Buy Now?: https://g.foolcdn.com/editorial/images/782990/businessperson-talks-on-mobile-phone-while-looking-at-papers_gettyimages-1154387228.jpg

What a difference a year makes for telecom giant AT (NYSE: T). Its stock price rose in recent months, reaching a 52-week high of $19.32 on July 1.

The stock's surge is a reversal from last July's 52-week low of $13.43. Part of the credit for the share price gains is due to analyst upgrades. JPMorgan, Goldman Sachs, and Barclays were among those upgrading AT stock this year.

Does this suggest now is the time to pick up shares? To answer that question, let's dive into AT's performance to gauge whether the telecom stalwart is a good long-term investment.

Source Fool.com