News Corp., Time Warner, CBS Hit Highs

CBS, Time Warner and News Corp. hit 52-week highs Friday.
By Jake Lynch ,

BOSTON (TheStreet) -- U.S. stocks tumbled Monday as the SEC accused Goldman Sachs (GS) - Get Report of defrauding investors. These stocks hit 52-week highs.

3. CBS

(CBS) - Get Report

fell 2.5% to $15.51, hitting a high of $16.10. Shares of the media company have gained 6.2% during the past month.

Quarter

: Fourth-quarter profit decreased 57% to $59 million, or 9 cents a share, as revenue declined 0.8%. The operating margin declined from 13% to 12%. CBS has $717 million of cash and $7 billion of debt, amounting to a debt-to-equity ratio of 0.8.

Stock

: CBS has almost tripled during the past year, outperforming U.S. stock-market indices. It trades at a price-to-projected-earnings ratio of 13 and a price-to-book ratio of 1.1, 30% and 69% discounts to industry averages. It's also cheap based on sales.

Consensus

: Of analysts covering CBS, 10, or 40%, advise purchasing its shares, 14 recommend holding and one suggests selling them.

JPMorgan Chase

(JPM) - Get Report

expects the stock to advance 15% to $18.

Morgan Stanley

(MS) - Get Report

predicts it will hit $17.

2. Time Warner

(TWX)

rose 0.3% to $33, achieving a high of $33.10. Shares of the media company have increased 6.3% during the past month.

Quarter

: Time Warner swung to a fourth-quarter profit of $627 million, or 51 cents, from a loss of $16 billion, or $5.46, a year earlier. Revenue grew 2.2%. The operating margin widened to 19%. Time Warner has $4.8 billion of cash and $15 billion of debt.

Stock

: Time Warner has gained 39% during the past year, more than the

S&P 500 Index

. The stock sells for a price-to-projected-earnings ratio of 13 and a price-to-book ratio of 1.1, 29% and 69% discounts to media industry averages.

Consensus

: Of researchers following Time Warner, 20 rate its stock "buy" and eight rate it "hold."

Credit Suisse

(CS) - Get Report

projects the shares will touch $37, a potential gain of 12%.

Deutsche Bank

(DB) - Get Report

thinks they will rise to $35.

1. News Corp.

(NWSA) - Get Report

declined 0.2% to $15.75, hitting a high of $16. Shares of the media company have returned 12% during the past month.

Quarter

: News Corp. swung to a fourth-quarter profit of $254 million, or 10 cents, from a loss of $6.4 billion, or $2.45, a year earlier. Revenue increased 10%. The operating margin extended to 14%. News Corp. has $7.3 billion of cash and $15 billion of debt.

Stock

: News Corp. has doubled during the past year, outpacing U.S. benchmarks. It sells for a price-to-projected-earnings ratio of 14 and a price-to-book ratio of 1.6, 25% and 56% discounts to industry averages. It's also cheap based on sales.

Consensus

: Of firms rating News Corp., 11, or 52%, advocate purchasing its shares, nine recommend holding and one suggests selling them.

Bank of America

(BAC) - Get Report

expects the stock to advance 40% to $22.

Needham & Co.

believes it will hit $20.

View Stockpickr's Daily 52-Week Highs Portfolio

-- Reported by Jake Lynch in Boston.

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