Time Warner Cable Stock Hits New 52-Week High (TWC)
Time Warner Cable (NYSE:TWC) hit a new 52-week high Wednesday as it is currently trading at $93.56, above its previous 52-week high of $93.49 with 1.2 million shares traded as of 2:50 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.
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 Cable (NYSE: TWC) hit a new 52-week high Wednesday as it is currently trading at $93.56, above its previous 52-week high of $93.49 with 1.2 million shares traded as of 2:50 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Time Warner Cable has a market cap of $28.22 billion and is part of the services sector and media industry. Shares are up 45.6% year to date as of the close of trading on Tuesday. 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 16.9, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Time Warner Cable Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.