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NEW YORK ( TheStreet) -- Philippine Long Distance Telephone (NYSE: PHI) hit a new 52-week high Tuesday as it is currently trading at $63.19, above its previous 52-week high of $63.16 with 78,179 shares traded as of 12:19 p.m. ET. Average volume has been 82,900 shares over the past 30 days. Philippine Long Distance Telephone has a market cap of $13.41 billion and is part of the technology sector and telecommunications industry. Shares are up 8.5% year to date as of the close of trading on Friday. Philippine Long Distance Telephone Company provides telecommunication services in the Philippines. The company has a P/E ratio of 12.9, below the average telecommunications industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.