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.

TheStreet Ratings rates Philippine Long Distance Telephone as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Philippine Long Distance Telephone Ratings Report.

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