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 down 103.0 points (-0.7%) at 15,135 as of Tuesday, Jun 11, 2013, 1:45 p.m. ET. During this time, 322.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.2 million. The NYSE advances/declines ratio sits at 433 issues advancing vs. 2,596 declining with 79 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 20-cent decline (-0.6%) bringing the stock to $35.79. This single loss is lowering the Dow Jones Industrial Average by 1.51 points or roughly accounting for 1.5% of the Dow's overall loss. Volume for AT&T currently sits at 19.1 million shares traded vs. an average daily trading volume of 25.5 million shares.

AT&T has a market cap of $190.72 billion and is part of the technology sector and telecommunications industry. Shares are up 6.8% year to date as of Monday's close. The stock's dividend yield sits at 5.1%.

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 26.9, 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 growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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