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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) -- Discovery Communications (Nasdaq: DISCA) hit a new 52-week high Wednesday as it is currently trading at $80.36, above its previous 52-week high of $80.34 with 943,764 shares traded as of 3:56 p.m. ET. Average volume has been 1.4 million shares over the past 30 days. Discovery has a market cap of $11.49 billion and is part of the services sector and media industry. Shares are up 23.8% year to date as of the close of trading on Tuesday. Discovery Communications, Inc. operates as a non fiction media company worldwide. It operates through three segments: U.S. Networks, International Networks, and Education. The company provides original and purchased content across various distribution platforms. The company has a P/E ratio of 31.4, above the S&P 500 P/E ratio of 17.7.