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NEW YORK ( TheStreet) -- Millicom International Cellular (Nasdaq: MICC) hit a new 52-week high Friday as it is currently trading at $119.79, above its previous 52-week high of $119.65 with 15,911 shares traded as of 11:22 a.m. ET. Average volume has been 628,500 shares over the past 30 days. Millicom International Cellular has a market cap of $12 billion and is part of the technology sector and telecommunications industry. Shares are up 19.5% year to date as of the close of trading on Thursday. 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 7.3, above the average telecommunications industry P/E ratio of 6.9 and below the S&P 500 P/E ratio of 17.7.