Time Warner Cable Stock Hits New 52-Week High (TWC)

NEW YORK ( TheStreet) -- Time Warner Cable (NYSE: TWC) hit a new 52-week high Monday as it is currently trading at $81.50, above its previous 52-week high of $81.45 with 502,039 shares traded as of 11:25 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Time Warner Cable has a market cap of $21.9 billion and is part of the services sector and media industry. Shares are up 27.2% year to date as of the close of trading on Friday.

Time Warner Cable Inc., together with its subsidiaries, operates as a cable operator in the United States. It offers video, high-speed data, and voice services over its broadband cable systems to residential and business service customers. The company has a P/E ratio of 16.1, above the average media industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Time Warner Cable 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 notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Time Warner Cable Ratings Report.

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