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NEW YORK ( TheStreet) -- Millicom International Cellular (Nasdaq: MICC) hit a new 52-week high Wednesday as it is currently trading at $104.89, above its previous 52-week high of $102.72 with 103,621 shares traded as of 9:38 a.m. ET. Average volume has been 477,000 shares over the past 30 days. Millicom International Cellular has a market cap of $10.4 billion and is part of the technology sector and telecommunications industry. Shares are up 5.7% year to date as of the close of trading on Tuesday. Millicom International Cellular S.A., together with its subsidiaries, operates as a global telecommunications group with mobile telephony operations in 14 countries in Central America, South America, Africa, and Asia. The company has a P/E ratio of 6.3, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 16.3.