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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.