Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.CBS Corporation ( CBS) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.5%. By the end of trading, CBS Corporation rose $1.56 (2.8%) to $57.87 on heavy volume. Throughout the day, 8,208,047 shares of CBS Corporation exchanged hands as compared to its average daily volume of 4,562,900 shares. The stock ranged in a price between $56.47-$58.16 after having opened the day at $56.73 as compared to the previous trading day's close of $56.31. Other companies within the Media industry that increased today were: Dex Media ( DXM), up 6.2%, Inuvo ( INUV), up 6.1%, NTN Buzztime ( NTN), up 4.8% and DISH Network ( DISH), up 3.6%.
CBS Corporation operates as a mass media company in the United States and internationally. It operates in five segments: Entertainment, Cable Networks, Publishing, Local Broadcasting, and Outdoor Americas. CBS Corporation has a market cap of $32.9 billion and is part of the services sector. The company has a P/E ratio of 20.5, above the S&P 500 P/E ratio of 17.7. Shares are down 11.7% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 3 rate it a hold. TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.