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 15 points at 16,456 as of Friday, Jan 3, 2014, 12:00 p.m. ET. During this time, 119.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 362.8 million. The NYSE advances/declines ratio sits at 1,577 issues advancing vs. 1,345 declining with 159 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 15-cent decline (-0.4%) bringing the stock to $34.80. Volume for AT&T currently sits at 13.2 million shares traded vs. an average daily trading volume of 22.8 million shares. AT&T has a market cap of $185.22 billion and is part of the technology sector and telecommunications industry. Shares are down 0.6% year to date as of Thursday's close. The stock's dividend yield sits at 5.2%. AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally. The company operates through Wireless, Wireline, and Other segments. 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 notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.