NEW YORK ( TheStreet) -- China Telecom (NYSE: CHA) hit a new 52-week high Thursday as it is currently trading at $67.13, above its previous 52-week high of $67.12 with 53,885 shares traded as of four p.m. ET. Average volume has been 93,900 shares over the past 30 days. China Telecom has a market cap of $51.7 billion and is part of the technology sector and telecommunications industry. Shares are up 25.1% year to date as of the close of trading on Wednesday. China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company has a P/E ratio of 21.7, below the average telecommunications industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.
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