NEW YORK ( TheStreet) -- MetroPCS Communications (NYSE: PCS) hit a new 52-week high Tuesday as it traded at $14.44 compared with its previous 52-Week high of $14.40. MetroPCS is changing hands at $14.38 with 119,160 shares traded as of 9:32 a.m. ET. Average volume has been five million shares over the past 30 days. MetroPCS has a market cap of $5 billion and is part of the technology sector and telecommunications industry. Shares are up 14% year to date as of the close of trading on Monday. MetroPCS Communications, Inc., a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The company has a P/E ratio of 20.2, below the average telecommunications industry P/E ratio of 26.1 and below the S&P 500 P/E ratio of 21.8. TheStreet Ratings rates MetroPCS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full MetroPCS Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.