Discovery Stock Hits New 52-Week High (DISCA)

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 Monday as it is currently trading at $71.61, above its previous 52-week high of $71.53 with 14,299 shares traded as of 9:31 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Discovery has a market cap of $10.24 billion and is part of the services sector and media industry. Shares are up 11.2% year to date as of the close of trading on Friday.

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 25.7, above the S&P 500 P/E ratio of 17.7.

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

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