Discovery Reaches New 52-Week High (DISCA)

NEW YORK ( TheStreet) -- Discovery Communications (Nasdaq: DISCA) hit a new 52-week high Monday as it is currently trading at $48.78, above its previous 52-week high of $48.50 with 32,948 shares traded as of 9:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Discovery has a market cap of $6.17 billion and is part of the services sector and media industry. Shares are up 18.1% year to date as of the close of trading on Friday.

Discovery Communications, Inc. operates as a non fiction media and entertainment company worldwide. The company provides original and purchased programming across various distribution platforms. The company has a P/E ratio of 17.2, below the average media industry P/E ratio of 18.2 and below 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Discovery Ratings Report.

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