NEW YORK ( TheStreet) -- Philippine Long Distance Telephone (NYSE: PHI) hit a new 52-week high Tuesday as it is currently trading at $58.92, above its previous 52-week high of $58.85 with 20,879 shares traded as of 9:39 a.m. ET. Average volume has been 97,400 shares over the past 30 days. Philippine Long Distance Telephone has a market cap of $12.13 billion and is part of the technology sector and telecommunications industry. Shares are down 2% year to date as of the close of trading on Monday. Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. The company has a P/E ratio of 11.6, below the average telecommunications industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.
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