2. As of noon trading, AT&T ( T) is down $0.31 (-0.8%) to $36.91 on average volume Thus far, 13.2 million shares of AT&T exchanged hands as compared to its average daily volume of 25.2 million shares. The stock has ranged in price between $36.80-$37.24 after having opened the day at $37.20 as compared to the previous trading day's close of $37.22.

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. AT&T has a market cap of $201.4 billion and is part of the telecommunications industry. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Monday.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in stock price during the past year and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full AT&T Ratings Report now.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

If you liked this article you might like

HPE's Meg Whitman Will Have to Answer Some Tough Questions on Tuesday

This Is Why Tech Stocks Are Heading Into the Weekend With a Nasty Hangover

These 4 Stocks Are Being Pummeled While the Market Is Tanking

Here the One Business That Could Fit 'Perfectly' Inside Meg Whitman's Overhauled Hewlett Packard