Dow Today: AT&T (T) Lower

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 down 54.0 points (-0.3%) at 16,408 as of Thursday, Jan 9, 2014, 11:35 a.m. ET. During this time, 125.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 358.1 million. The NYSE advances/declines ratio sits at 1,224 issues advancing vs. 1,713 declining with 144 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 46-cent decline (-1.4%) bringing the stock to $33.78. This single loss is lowering the Dow Jones Industrial Average by 3.48 points or roughly accounting for 6.4% of the Dow's overall loss. Volume for AT&T currently sits at 12.8 million shares traded vs. an average daily trading volume of 21.7 million shares.

AT&T has a market cap of $184.12 billion and is part of the technology sector and telecommunications industry. Shares are down 2.6% year to date as of Wednesday's close. The stock's dividend yield sits at 5.3%.

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. The company has a P/E ratio of 24.3, 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 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.

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