Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

.

The

Dow Jones Industrial Average

(

^DJI

) is trading up 46 points (+0.4%) at 13,148 as of Wednesday, Oct 24, 2012, 10:35 a.m. ET. During this time, 138 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 564 million. The NYSE advances/declines ratio sits at 1,586 issues advancing vs. 1,211 declining with 154 unchanged.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

Holding back the Dow today is

AT&T

(NYSE:

T

), which is lagging the broader Dow index with a 22-cent decline (-0.6%) bringing the stock to $34.78. Volume for AT&T currently sits at 18.2 million shares traded vs. an average daily trading volume of 24.7 million shares.

AT&T has a market cap of $203.41 billion and is part of the technology sector and telecommunications industry. Shares are up 16.6% year to date as of Tuesday's close. The stock's dividend yield sits at 5%.

AT&T Inc., together with its subsidiaries, provides telecommunications services to consumers, businesses, and other providers worldwide. The company has a P/E ratio of 47, below the average telecommunications industry P/E ratio of 47.6 and above 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, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!

Free download now

.

null