Dow Today: AT&T (T) Higher

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 down 17.0 points (-0.1%) at 13,004 as of Friday, Nov 30, 2012, 12:35 p.m. ET. During this time, 243.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 628.5 million. The NYSE advances/declines ratio sits at 1,350 issues advancing vs. 1,558 declining with 125 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 16-cent gain (+0.5%) bringing the stock to $34.09. Volume for AT&T currently sits at 13 million shares traded vs. an average daily trading volume of 26.7 million shares.

AT&T has a market cap of $190.96 billion and is part of the technology sector and telecommunications industry. Shares are up 11.2% year to date as of Thursday's close. The stock's dividend yield sits at 5.4%.

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 43.7, 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

These Stocks Pay You to Own Them

T-Mobile-Sprint Merger's First Big Challenge: Who Will Control It?

A Sprint/T-Mobile Deal Still Faces Big Hurdles, Especially for Sprint

Wall Street Overlooks Trump's North Korea Threats to Hit New Records

Cramer: Under Trump, These Are Probably Done Deals