CBS Stock Hits New 52-Week High (CBS)

NEW YORK ( TheStreet) -- CBS Corporation (NYSE: CBS) hit a new 52-week high Friday as it is currently trading at $52.62, above its previous 52-week high of $52.46 with 1.4 million shares traded as of 10:46 a.m. ET. Average volume has been 5.7 million shares over the past 30 days.

CBS has a market cap of $29.27 billion and is part of the services sector and media industry. Shares are up 34.5% 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.

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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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