Dow Today: AT&T (T) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 99 points (+0.7%) at 15,162 as of Tuesday, Sep 10, 2013, 1:35 p.m. ET. During this time, 296 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 523.6 million. The NYSE advances/declines ratio sits at 1,916 issues advancing vs. 1,039 declining with 95 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 24-cent gain (+0.7%) bringing the stock to $33.87. This single gain is lifting the Dow Jones Industrial Average by 1.82 points or roughly accounting for 1.8% of the Dow's overall gain. Volume for AT&T currently sits at 19.9 million shares traded vs. an average daily trading volume of 22.6 million shares.

AT&T has a market cap of $177.44 billion and is part of the technology sector and telecommunications industry. Shares are down 0.9% year to date as of Monday's close. The stock's dividend yield sits at 5.4%.

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.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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