NEW YORK ( TheStreet) -- Telephones of Mexico (NYSE: TMX) hit a new 52-week high Friday as it is currently trading at $19.10, above its previous 52-week high of $19.09 with 413,966 shares traded as of 11:57 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Telephones of Mexico has a market cap of $17 billion and is part of the technology sector and telecommunications industry. Shares are up 17.2% year to date as of the close of trading on Thursday.

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 110.5, above the average telecommunications industry P/E ratio of 14.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Telephones of Mexico as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and weak operating cash flow. You can view the full Telephones of Mexico Ratings Report.

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