NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) hit a new 52-week high Thursday as it is currently trading at $23.45, above its previous 52-week high of $23 with 176,112 shares traded as of 9:35 a.m. ET. Average volume has been 767,800 shares over the past 30 days.

Tw telecom inc has a market cap of $3.25 billion and is part of the technology sector and telecommunications industry. Shares are up 17.1% year to date as of the close of trading on Wednesday.

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 56.8, equal to the average telecommunications industry P/E ratio 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 increase in stock price during the past year. 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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