NEW YORK ( TheStreet) -- Comcast Corporation (Nasdaq: CMCSK) hit a new 52-week high Tuesday as it traded at $24.49 compared with its previous 52-Week high of $24.39. Comcast is changing hands at $24.40 with 343,384 shares traded as of 9:31 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

Comcast has a market cap of $17 billion and is part of the services sector and media industry. Shares are up 16.9% year to date as of the close of trading on Monday.

Comcast Corporation, together with its subsidiaries, provides consumer entertainment, information, and communication products and services to the residential and commercial customers in the United States. The company operates in two segments, Cable and Programming. The company has a P/E ratio of 18.6, below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Comcast as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Comcast Ratings Report.

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