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.

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Source Fool.com