NEW YORK ( TheStreet) -- Altria Group (NYSE: MO) hit a new 52-week high Tuesday as it is currently trading at $29.17, above its previous 52-week high of $29.05 with two million shares traded as of 10:15 a.m. ET. Average volume has been 13.5 million shares over the past 30 days.

Altria Group has a market cap of $59.18 billion and is part of the consumer goods sector and tobacco industry. Shares are up 16.9% year to date as of the close of trading on Monday.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. The company has a P/E ratio of 14.8, below the average tobacco industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Altria Group Ratings Report.

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