NEW YORK ( TheStreet) -- BT Group (NYSE: BT) hit a new 52-week high Friday as it traded at $30.50 compared with its previous 52-Week high of $30.43. BT Group is changing hands at $30.46 with 648,557 shares traded as of 3 p.m. ET. Average volume has been 123,400 shares over the past 30 days.

BT Group has a market cap of $24 billion and is part of the technology sector and telecommunications industry. Shares are up 5.8% year to date as of the close of trading on Thursday.

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 15.1 and below the S&P 500 P/E ratio of 21.5.

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.

See all 52-week high stocks or get investment ideas from our investment research center.