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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) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Thursday as it is currently trading at $42.05, above its previous 52-week high of $39.77 with 11.4 million shares traded as of 10:11 a.m. ET. Average volume has been 6.4 million shares over the past 30 days. CBS has a market cap of $22.56 billion and is part of the services sector and media industry. Shares are up 0.1% year to date as of the close of trading on Wednesday. CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7.