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 213 points (+1.3%) at 16,381 as of Tuesday, Mar 4, 2014, 12:35 p.m. ET. During this time, 173.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 402.3 million. The NYSE advances/declines ratio sits at 2,566 issues advancing vs. 444 declining with 116 unchanged.
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The Dow component leading the way higher looks to be AT&T (NYSE: T), which is sporting a 34-cent gain (+1.1%) bringing the stock to $32.20. This single gain is lifting the Dow Jones Industrial Average by 2.57 points or roughly accounting for 1.2% of the Dow's overall gain. Volume for AT&T currently sits at 13.7 million shares traded vs. an average daily trading volume of 27.3 million shares.

AT&T has a market cap of $166.25 billion and is part of the technology sector and telecommunications industry. Shares are down 9.4% year to date as of Monday'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.

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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