CBS Reaches New 52-Week High (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) hit a new 52-week high Thursday as it is currently trading at $47.78, above its previous 52-week high of $47.42 with 834,274 shares traded as of 9:36 a.m. ET. Average volume has been 6.7 million shares over the past 30 days.

CBS has a market cap of $26.16 billion and is part of the services sector and media industry. Shares are up 21.9% 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 18.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates CBS as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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.

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