CBS Rises On Unusually High Volume (CBS)

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) is trading at unusually high volume Friday with 13.4 million shares changing hands. It is currently at two times its average daily volume and trading up $1.30 (+3%) at $44.24 as of 3:26 p.m. ET.

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CBS has a market cap of $25.27 billion and is part of the services sector and media industry. Shares are up 12.1% year to date as of the close of trading on Thursday.

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

TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full CBS Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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