The Dow Jones Industrial Average ( ^DJI) is trading up 25 points (+0.2%) at 13,257 as of Monday, Mar 19, 2012, 12:35 p.m. ET. During this time, 519.2 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 1,959 issues advancing vs. 924 declining with 124 unchanged. The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 14-cent gain (+0.4%) bringing the stock to $31.73. This single gain is lifting the Dow Jones Industrial Average by 1.06 points or roughly accounting for 4.2% of the Dow's overall gain. Volume for AT&T currently sits at 11.2 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 4.5% year to date as of Friday's close. The stock's dividend yield sits at 5.6%. 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 47.9, 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.
- You can view the full AT&T Ratings Report.