NEW YORK (

TheStreet

) --

CBS Corporation

(NYSE:

CBS

) hit a new 52-week high Friday as it traded at $23.16 compared with its previous 52-Week high of $23.10. CBS is changing hands at $23.16 with two million shares traded as of 9:56 a.m. ET. Average volume has been 9.3 million shares over the past 30 days.

CBS has a market cap of $13.7 billion and is part of the

services

sector and

media

industry. Shares are up 15.6% year to date as of the close of trading on Thursday.

CBS Corporation operates as a mass media company in the United States and internationally. The company has operations in every field of media and entertainment, including broadcast television, such as CBS and The CW, a joint venture between CBS Corporation and Warner Bros. The company has a P/E ratio of 19.6, below the average media industry P/E ratio of 30.2 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates CBS as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

CBS Ratings Report

.

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