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 up 116 points (+0.7%) at 16,388 as of Friday, Feb 28, 2014, 11:35 a.m. ET. During this time, 126.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 400.9 million. The NYSE advances/declines ratio sits at 1,987 issues advancing vs. 938 declining with 158 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 16-cent decline (-0.5%) bringing the stock to $32.07. Volume for AT&T currently sits at 14.1 million shares traded vs. an average daily trading volume of 26.6 million shares.

AT&T has a market cap of $166.62 billion and is part of the technology sector and telecommunications industry. Shares are down 8.3% year to date as of Thursday's close. The stock's dividend yield sits at 5.8%.

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

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