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 61 points (+0.4%) at 15,606 as of Friday, Nov 1, 2013, 3:00 p.m. ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,769 declining with 107 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 12-cent gain (+0.3%) bringing the stock to $36.32. This single gain is lifting the Dow Jones Industrial Average by 0.91 points or roughly accounting for 1.5% of the Dow's overall gain. Volume for AT&T currently sits at 32.5 million shares traded vs. an average daily trading volume of 23.1 million shares.

Shares are up 7.4% year to date as of Thursday's close. The stock's dividend yield sits at 5%.

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, increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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