NEW YORK (

TheStreet

) --

BT Group

(NYSE:

BT

) hit a new 52-week high Wednesday as it is currently trading at $31.83, above its previous 52-week high of $31.69 with 1,600 shares traded as of 9:32 a.m. ET. Average volume has been 156,300 shares over the past 30 days.

BT Group has a market cap of $25.5 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 9% year to date as of the close of trading on Tuesday.

BT Group plc provides communications solutions and services worldwide. It engages in the provision of networked IT services; and local, national, and international telecommunications services for use at home, at work, and on the move. The company has a P/E ratio of 10.3, below the average telecommunications industry P/E ratio of 16 and below the S&P 500 P/E ratio of 16.3.

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TheStreet Ratings rates BT Group as a

hold

. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

BT Group Ratings Report

.

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