Discovery Stock Hits New 52-Week High (DISCK)

Clarification: The article below includes only Discovery Communications' Class K shares when calculating market capitalization. Including the Class A and B shares would bring the company's market cap to about $12 billion.

NEW YORK (TheStreet) -- Discovery Communications (Nasdaq:DISCK) hit a new 52-week high Monday as it is currently trading at $39.91, above its previous 52-week high of $39.71 with 275,353 shares traded as of 10:17 a.m. ET. Average volume has been 789,100 shares over the past 30 days.

Discovery has a market cap of $5.3 billion and is part of the services sector and media industry. Shares are up 7.5% year to date as of the close of trading on Friday.

Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide. It provides original and purchased programming across various distribution platforms with approximately 100 television networks in 35 languages. The company has a P/E ratio of 26.1, above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Discovery as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Discovery Ratings Report.

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