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 up 98 points (+0.7%) at 14,670 as of Tuesday, Apr 2, 2013, 12:35 p.m. ET. During this time, 251.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio sits at 1,756 issues advancing vs. 1,114 declining with 151 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 36-cent gain (+0.9%) bringing the stock to $37.60. This single gain is lifting the Dow Jones Industrial Average by 2.72 points or roughly accounting for 2.8% of the Dow's overall gain. Volume for AT&T currently sits at 14.2 million shares traded vs. an average daily trading volume of 25.2 million shares.

AT&T has a market cap of $202.84 billion and is part of the technology sector and telecommunications industry. Shares are up 10.5% year to date as of Monday's close. The stock's dividend yield sits at 4.9%.

AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. The company has a P/E ratio of 29.4, 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, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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