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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.