News Reaches New 52-Week High (NWS)

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) -- News Corporation (Nasdaq: NWS) hit a new 52-week high Tuesday as it is currently trading at $26.04, above its previous 52-week high of $25.96 with 1.1 million shares traded as of 11:16 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

News has a market cap of $20.1 billion and is part of the services sector and media industry. Shares are up 38.4% year to date as of the close of trading on Monday.

News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 22.3, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates News as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full News Ratings Report.

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