CBS Corporation (NYSE:CBS) hit a new 52-week high Tuesday as it changed hands at $24.77 compared with its previous 52-week high of $24.75. CBS is currently trading at $24.76 with 281,666 shares changing hands as of 9:36 a.m.
NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Tuesday as it traded at $24.77 compared with its previous 52-Week high of $24.75. CBS is changing hands at $24.76 with 281,666 shares traded as of 9:36 a.m. ET. Average volume has been 9.9 million shares over the past 30 days. CBS has a market cap of $14.6 billion and is part of the services sector and media industry. Shares are up 28.7% year to date as of the close of trading on Monday. 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 22.3, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 15.8.
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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. See all 52-week high stocks or get investment ideas from our investment research center.