NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Friday as it is currently trading at $30.92, above its previous 52-week high of $30.67 with four million shares traded as of 1:39 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 12.5% year to date as of the close of trading on Thursday. 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 15.7, below 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, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels 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.