NEW YORK (

TheStreet

) --

Telecommunications of Sao Paulo

(NYSE:

TSP

) hit a new 52-week high Friday as it is currently trading at $28.59, above its previous 52-week high of $28.50 with 29,132 shares traded as of 10:47 a.m. ET. Average volume has been 164,100 shares over the past 30 days.

Telecommunications of Sao Paulo has a market cap of $14.3 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 16.4% year to date as of the close of trading on Thursday.

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Telecomunicacoes de Sao Paulo S.A.-TELESP provides fixed-line telecommunications services to residential and commercial customers in the state of Sao Paulo, Brazil. The company has a P/E ratio of 12.4, below the average telecommunications industry P/E ratio of 51.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Telecommunications of Sao Paulo as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Telecommunications of Sao Paulo Ratings Report

.

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