NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) hit a new 52-week high Monday as it is currently trading at $22.89, above its previous 52-week high of $22.87 with 526,371 shares traded as of 9:55 a.m. ET. Average volume has been 649,700 shares over the past 30 days.

Tw telecom inc has a market cap of $2.98 billion and is part of the technology sector and telecommunications industry. Shares are up 14.6% year to date as of the close of trading on Friday.

tw telecom inc. engages in the provision of managed network services in the United States. The company offers data networking, converged, Internet protocol based virtual private network (IP VPN), and Internet access services. The company has a P/E ratio of 58.2, above the average telecommunications industry P/E ratio of 48.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates tw telecom inc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full tw telecom inc Ratings Report.

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