Time Warner Reaches New 52-Week High (TWX)

NEW YORK ( TheStreet) -- Time Warner (NYSE: TWX) hit a new 52-week high Friday as it is currently trading at $63.97, above its previous 52-week high of $63.54 with 1.8 million shares traded as of 12:11 p.m. ET. Average volume has been 4.6 million shares over the past 30 days.

Time Warner has a market cap of $58.04 billion and is part of the services sector and media industry. Shares are up 30.2% year to date as of the close of trading on Thursday.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. The Networks segment consists of Turner Broadcasting System, Inc. and Home Box Office, Inc.

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TheStreet Ratings rates Time Warner 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, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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 Time Warner Ratings Report.

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