NEW YORK ( TheStreet) -- CTC Media (Nasdaq: CTCM) is trading at unusually high volume Tuesday with 1.5 million shares changing hands. It is currently at 4.5 times its average daily volume and trading up 28 cents (+2.4%) at $11.98 as of 3:55 p.m. ET. CTC Media has a market cap of $2.1 billion and is part of the services sector and media industry. Shares are down 50.1% year to date as of the close of trading on Monday. CTC Media, Inc. operates as an independent broadcasting company in Russia. It owns and operates the CTC, Domashny, and DTV television networks in Russia. The company has a P/E ratio of 13.3, below the average media industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CTC Media as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full CTC Media Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.