Comcast Reaches New 52-Week High (CMCSK)

NEW YORK ( TheStreet) -- Comcast (Nasdaq: CMCSK) hit a new 52-week high Thursday as it is currently trading at $29.03, above its previous 52-week high of $28.98 with 158,606 shares traded as of 9:45 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Comcast has a market cap of $15.69 billion and is part of the services sector and media industry. Shares are up 20.3% year to date as of the close of trading on Wednesday.

Comcast Corporation provides entertainment, information, and communications products and services in the United States and internationally. The company's Cable Communications segment provides video, high-speed Internet, and voice services to residential and business customers. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Comcast as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Comcast Ratings Report.

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