Why AT&T (T) Is Up Today

NEW YORK (TheStreet) -- Shares of AT&T (T) were up 3.16% to $34 on Thursday following the telecom company's announcement that it will begin pre-orders on the highly anticipated Samsung Galaxy S5 phone on Friday. Pre-orders can be placed in store as well as online, while shipping on pre-orders will begin in early April.

The price point for the new device will be $199 with a 2 year contract commitment. No commitment handsets will be sold for $649.00.

The Galaxy series has been a major competitor to Apple's (AAPL) iPhone dominance in recent years. Samsung's smartphone market share is more than double Apple's and grew to 31.7% while Apple's was 14.2% in 2013.

Must read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates AT&T INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AT&T INC (T) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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."

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Sprint T-Mobile Merger Will Have to Contend With This Wonky Number the DOJ Uses

T-Mobile and Sprint Will Have to Overcome These 4 Things in Order to Merge

T-Mobile and Sprint Reportedly Agree on a Deal to Split Ownership

Cord Cutters Aren't Just Leaving Pay-TV Because of Price