AstraZeneca Stock Hits New 52-Week High (AZN)

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) -- AstraZeneca (NYSE: AZN) hit a new 52-week high Monday as it is currently trading at $50.16, above its previous 52-week high of $50.14 with 258,118 shares traded as of 10:10 a.m. ET. Average volume has been two million shares over the past 30 days.

AstraZeneca has a market cap of $62.31 billion and is part of the health care sector and drugs industry. Shares are up 5.7% year to date as of the close of trading on Thursday.

AstraZeneca PLC engages in the discovery, development, and commercialization of prescription medicines for cardiovascular, gastrointestinal, neuroscience, infection, oncology, and respiratory and inflammation diseases worldwide. The company has a P/E ratio of 10, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AstraZeneca as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full AstraZeneca Ratings Report.

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