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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) -- Discovery Communications (Nasdaq: DISCA) hit a new 52-week high Friday as it is currently trading at $59.96, above its previous 52-week high of $59.76 with 275,960 shares traded as of 9:35 a.m. ET. Average volume has been 1.4 million shares over the past 30 days. Discovery has a market cap of $8.67 billion and is part of the services sector and media industry. Shares are up 45.1% year to date as of the close of trading on Thursday. Discovery Communications, Inc. operates as a non fiction media and entertainment company worldwide. The company provides original and purchased programming across various distribution platforms. The company has a P/E ratio of 21.5, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.