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NEW YORK ( TheStreet) -- Tele Norte Leste Holding Company (NYSE: TNE) hit a new 52-week low Tuesday as it is currently trading at $11.78, below its previous 52-week low of $11.80 with 80,118 shares traded as of 9:36 a.m. ET. Average volume has been 1.7 million shares over the past 30 days. Tele Norte Leste Holding has a market cap of $5.8 billion and is part of the technology sector and telecommunications industry. Shares are down 15.5% year to date as of the close of trading on Friday. Tele Norte Leste Participacoes S.A. provides telecommunication services primarily in Brazil. It offers a portfolio of integrated and convergent communication products that include regular fixed and mobile telephony, data transmission, and ISP services. The company has a P/E ratio of 17.7, above the average telecommunications industry P/E ratio of 12 and equal to the S&P 500 P/E ratio of 17.7.