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 72 points (+0.5%) at 14,748 as of Thursday, Apr 25, 2013, 12:35 p.m. ET. During this time, 325.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600.4 million. The NYSE advances/declines ratio sits at 2,049 issues advancing vs. 833 declining with 158 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 20-cent gain (+0.5%) bringing the stock to $37.24. This single gain is lifting the Dow Jones Industrial Average by 1.51 points or roughly accounting for 2.1% of the Dow's overall gain. Volume for AT&T currently sits at 18.8 million shares traded vs. an average daily trading volume of 25.5 million shares.

AT&T has a market cap of $215.61 billion and is part of the technology sector and telecommunications industry. Shares are up 9.9% year to date as of Wednesday's close. The stock's dividend yield sits at 4.6%.

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 30, 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, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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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