Dow Today: AT&T (T) Higher

The Dow Jones Industrial Average ( ^DJI) is trading down 34.0 points (-0.3%) at 12,943 as of Monday, Mar 5, 2012, 1:35 p.m. ET. During this time, 401.7 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 1,048 issues advancing vs. 1,881 declining with 122 unchanged.

The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a three-cent gain to $30.90. Volume for AT&T currently sits at 18.8 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 up 2.1% year to date as of Friday's close. The stock's dividend yield sits at 5.7%.

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 46.4, above the average telecommunications industry P/E ratio of 15.4 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, 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 sub par growth in net income.