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TheStreet Wire

Time Warner Cable Stock Hits New 52-Week High (TWC)

By TheStreet Wire 07/03/12 - 11:49 AM EDT

Find out if (TWC) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Time Warner Cable (NYSE:TWC) hit a new 52-week high Tuesday as it is currently trading at $83.66, above its previous 52-week high of $83.64 with 325,670 shares traded as of 11:25 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Time Warner Cable has a market cap of $25.66 billion and is part of the services sector and media industry. Shares are up 31.1% year to date as of the close of trading on Monday.

Time Warner Cable Inc., together with its subsidiaries, operates as a cable operator in the United States. It offers video, high-speed data, and voice services over its broadband cable systems to residential and business service customers. The company has a P/E ratio of 15.7, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Time Warner Cable Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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