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 down 39.0 points (-0.2%) at 16,405 as of Friday, Jan 10, 2014, 1:35 p.m. ET. During this time, 191.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 358.5 million. The NYSE advances/declines ratio sits at 2,016 issues advancing vs. 984 declining with 117 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a seven-cent gain (+0.2%) bringing the stock to $33.61. Volume for AT&T currently sits at 14.4 million shares traded vs. an average daily trading volume of 22 million shares.

AT&T has a market cap of $180.38 billion and is part of the technology sector and telecommunications industry. Shares are down 4.6% year to date as of Thursday's close. The stock's dividend yield sits at 5.4%.

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 23.8, 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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