CBS Stock Hits New 52-Week High (CBS)

NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Tuesday as it is currently trading at $29.71, above its previous 52-week high of $29.68 with 4.1 million shares traded as of 2:10 p.m. ET. Average volume has been 7.4 million shares over the past 30 days.

CBS has a market cap of $17.5 billion and is part of the services sector and media industry. Shares are up 9.2% year to date as of the close of trading on Monday.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 16.8, above the average media industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CBS Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Rolling Stone Stake Could Fetch as Much as $80 Million

Hulu Threatens Landmark Networks With Prestigious Emmy Win

Weekend Box Office: 'Mother!' Flops With F Rating, 'It' Smashes Records

Why Entercom Communications Is a Buy: Cramer's Top Takeaways

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)