NEW YORK (

TheStreet

) --

Telephones of Mexico

(NYSE:

TMX

) hit a new 52-week high Thursday as it traded at $18.34 compared with its previous 52-Week high of $18.32. Telephones of Mexico is changing hands at $18.33 with one million shares traded as of 3:07 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Telephones of Mexico has a market cap of $16 billion and is part of the

technology

sector and

telecommunications

industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.

Telefonos de Mexico, S.A.B. de C.V. provides telecommunications services primarily in Mexico. It offers local telephone service; domestic and international long distance services; and interconnection services to long-distance, local, and mobile phone carriers. The company has a P/E ratio of 7.7, below the average telecommunications industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Telephones of Mexico as a hold. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full

Telephones of Mexico Ratings Report

.

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