NEW YORK ( TheStreet) -- Tele Norte Leste Holding Company (NYSE: TNE) hit a new 52-week low Monday as it is currently trading at $11.04, below its previous 52-week low of $11.05 with 138,662 shares traded as of 10:16 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Tele Norte Leste Holding has a market cap of $5.4 billion and is part of the technology sector and telecommunications industry.

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.
  • Practice your TNE trading strategies and win cash in our stock game.

TheStreet Ratings rates Tele Norte Leste Holding as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full Tele Norte Leste Holding Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

China's GDP Growth Slips for Quarter, Year

China's GDP Growth Slips for Quarter, Year

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

16 Stocks Jim Cramer Says Could Win from a U.S.-Chinese Trade Deal

16 Stocks Jim Cramer Says Could Win from a U.S.-Chinese Trade Deal

Trump Counters Claims of China Tariff Rollback, Reports Reuters

Trump Counters Claims of China Tariff Rollback, Reports Reuters

How to Handle Market Volatility According to This Financial Adviser

How to Handle Market Volatility According to This Financial Adviser