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TheStreet Wire

Time Warner Reaches New 52-Week High (TWX)

By TheStreet Wire 08/01/12 - 01:08 PM EDT

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

NEW YORK (TheStreet) -- Time Warner (NYSE:TWX) hit a new 52-week high Wednesday as it is currently trading at $39.56, above its previous 52-week high of $39.49 with 6.6 million shares traded as of 12:45 p.m. ET. Average volume has been 6.5 million shares over the past 30 days.

Time Warner has a market cap of $37.03 billion and is part of the services sector and media industry. Shares are up 8.2% year to date as of the close of trading on Tuesday.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Film and TV Entertainment, and Publishing. The company has a P/E ratio of 14.2, 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 as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Time Warner Ratings Report.

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