NEW YORK (

TheStreet

) --

CBS Corporation

(NYSE:

CBS

) hit a new 52-week high Friday as it is currently trading at $27.82, above its previous 52-week high of $27.72 with 681,685 shares traded as of 9:46 a.m. ET. Average volume has been 10.2 million shares over the past 30 days.

CBS has a market cap of $16.5 billion and is part of the

services

sector and

media

industry. Shares are up 44.1% year to date as of the close of trading on Thursday.

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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 19.2, equal to the average media industry P/E ratio and above 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, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

CBS Ratings Report

.

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