Dow Today: AT&T (T) Higher

The Dow Jones Industrial Average (^DJI) is trading down 52 points (-0.4%) at 12,601 as of Tuesday, Jan 31, 2012, 1:40 p.m. ET. During this time, 413.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,638 issues advancing vs. 1,280 declining with 123 unchanged.

The Dow component leading the way higher looks to be AT&T (NYSE:T), which is sporting a 12-cent gain (+0.4%) bringing the stock to $29.46. Volume for AT&T currently sits at 14.4 million shares traded vs. an average daily trading volume of 25 million shares.

AT&T has a market cap of $178.31 billion and is part of the technology sector and telecommunications industry. Shares are down 3% year to date as of Monday's close. The stock's dividend yield sits at 6%.

AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. The company has a P/E ratio of 13.3, below the average telecommunications industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full AT&T Ratings Report.

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