NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) hit a new 52-week high Thursday as it is currently trading at $23.81, above its previous 52-week high of $23.79 with 615,534 shares traded as of 12:30 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Tw telecom inc has a market cap of $3.47 billion and is part of the technology sector and telecommunications industry. Shares are up 18.8% 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 52.3, below the average telecommunications industry P/E ratio of 53.6 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, increase in net income, expanding profit margins, solid stock price performance and growth in earnings per share. 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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