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NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Thursday as it is currently trading at $32.76, above its previous 52-week high of $32.66 with 5.4 million shares traded as of 3:19 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 18.8% year to date as of the close of trading on Wednesday. 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 17.1, above the average media industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.