NEW YORK ( TheStreet) -- Telephones of Mexico (NYSE: TMX) hit a new 52-week high Friday as it traded at $18.12 compared with its previous 52-Week high of $18.11. Telephones of Mexico is changing hands at $18.09 with 20,617 shares traded as of 9:42 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Telephones of Mexico has a market cap of $16.1 billion and is part of the technology sector and telecommunications industry. Shares are up 11.2% year to date as of the close of trading on Thursday. 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 12.9 and below the S&P 500 P/E ratio of 22.6. 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 deteriorating net income, generally poor debt management and feeble growth in the company's earnings per share. You can view the full Telephones of Mexico Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.