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.

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