Time Warner Reaches New 52-Week High (TWX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Time Warner (NYSE: TWX) hit a new 52-week high Monday as it is currently trading at $42.97, above its previous 52-week high of $42.91 with 4.9 million shares traded as of 1:10 p.m. ET. Average volume has been 7.3 million shares over the past 30 days.

Time Warner has a market cap of $40.15 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.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Film and TV Entertainment, and Publishing. The company has a P/E ratio of 16.6, above the average media industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Time Warner as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Time Warner Ratings Report.

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