Dow Jones (DJIA) Today: AT&T (T) Higher - TheStreet

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link

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The

Dow Jones Industrial Average

(

^DJI

) is trading down 30.0 points (-0.2%) at 16,975 as of Wednesday, Oct 29, 2014, 1:36 p.m. ET. During this time, 154.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 323.8 million. The NYSE advances/declines ratio sits at 1,191 issues advancing vs. 1,845 declining with 146 unchanged.

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The Dow component leading the way higher looks to be

AT&T

(NYSE:

T

), which is sporting a 15-cent gain (+0.4%) bringing the stock to $34.48. Volume for AT&T currently sits at 12.9 million shares traded vs. an average daily trading volume of 20.2 million shares.

AT&T has a market cap of $176.89 billion and is part of the technology sector and telecommunications industry. Shares are down 2.4% year-to-date as of Tuesday's close. The stock's dividend yield sits at 5.4%.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally.

TheStreet Ratings rates AT&T as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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