NEW YORK ( TheStreet) -- Shares of Discovery Communications (Nasdaq: DISCB) have taken a tremendous swing upward. The stock is trading at $61.24 as of 9:30 a.m. ET, 20% above Tuesday's closing price of $51.02. Volume is at 100, 0.1 times the daily average of 700. Discovery has a market cap of $328.6 million and is part of the services sector and media industry. Shares are up 23.7% year to date as of the close of trading on Tuesday. Discovery Communications, Inc. operates as a non fiction media and entertainment company worldwide. The company provides original and purchased programming across various distribution platforms in 40 languages. The company has a P/E ratio of 21.2, above the average media industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Discovery as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Discovery Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.