Dow Today: AT&T (T) Lower

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 31 points (+0.2%) at 15,136 as of Thursday, May 9, 2013, 1:35 p.m. ET. During this time, 260.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 601.3 million. The NYSE advances/declines ratio sits at 1,331 issues advancing vs. 1,592 declining with 156 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 38-cent decline (-1%) bringing the stock to $37.45. Volume for AT&T currently sits at 14.3 million shares traded vs. an average daily trading volume of 25.6 million shares.

AT&T has a market cap of $201.86 billion and is part of the technology sector and telecommunications industry. Shares are up 12.2% year to date as of Wednesday's close. The stock's dividend yield sits at 4.8%.

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 28.4, 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 increase in stock price during the past year, growth in earnings per share, expanding profit margins, 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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