Dow Jones (DJIA) 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..

The Dow Jones Industrial Average ( ^DJI) is trading down 38.0 points (-0.2%) at 17,866 as of Wednesday, Jun 17, 2015, 1:07 p.m. ET. During this time, 134.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 343.3 million. The NYSE advances/declines ratio sits at 996 issues advancing vs. 2,003 declining with 172 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with an eight-cent decline (-0.2%) bringing the stock to $34.59. This single loss is lowering the Dow Jones Industrial Average by 0.61 points or roughly accounting for 1.6% of the Dow's overall loss. Volume for AT&T currently sits at 17.5 million shares traded vs. an average daily trading volume of 29.8 million shares.

AT&T has a market cap of $178.69 billion and is part of the technology sector and telecommunications industry. Shares are up 3.2% year-to-date as of Tuesday's close. The stock's dividend yield sits at 5.5%.

AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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