Time Warner Cable Reaches New 52-Week High (TWC)

NEW YORK ( TheStreet) -- Time Warner Cable (NYSE: TWC) hit a new 52-week high Friday as it is currently trading at $117.33, above its previous 52-week high of $116.95 with 373,974 shares traded as of 9:36 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Time Warner Cable has a market cap of $32.98 billion and is part of the services sector and media industry. Shares are up 17.2% year to date as of the close of trading on Thursday.

Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States.

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TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Time Warner Cable Ratings Report.

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