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NEW YORK ( TheStreet) -- Shaw Communications (NYSE: SJR) hit a new 52-week high Friday as it is currently trading at $22.99, above its previous 52-week high of $22.89 with 10,134 shares traded as of 9:57 a.m. ET. Average volume has been 126,100 shares over the past 30 days. Shaw has a market cap of $9.2 billion and is part of the services sector and media industry. Shares are up 6.8% year to date as of the close of trading on Thursday. Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 22.7, above the average media industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.