NEW YORK (

TheStreet

) --

CBS Corporation

(NYSE:

CBS

) hit a new 52-week high Thursday as it is currently trading at $32.76, above its previous 52-week high of $32.66 with 5.4 million shares traded as of 3:19 p.m. ET. Average volume has been 7.4 million shares over the past 30 days.

CBS has a market cap of $17.5 billion and is part of the

services

sector and

media

industry. Shares are up 18.8% year to date as of the close of trading on Wednesday.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 17.1, above the average media industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CBS as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

CBS Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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