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NEW YORK ( TheStreet) -- Millicom International Cellular (Nasdaq: MICC) hit a new 52-week high Tuesday as it is currently trading at $110.58, above its previous 52-week high of $110 with 297,531 shares traded as of 10:48 a.m. ET. Average volume has been 541,200 shares over the past 30 days. Millicom International Cellular has a market cap of $11.5 billion and is part of the technology sector and telecommunications industry. Shares are up 13.6% year to date as of the previous trading day's close. 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 6.8, above the average telecommunications industry P/E ratio of 6.6 and below the S&P 500 P/E ratio of 16.2.