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NEW YORK ( TheStreet) -- TELUS (NYSE: TU) hit a new 52-week high Wednesday as it is currently trading at $55.40, above its previous 52-week high of $55.15 with 19,640 shares traded as of 9:35 a.m. ET. Average volume has been 107,700 shares over the past 30 days. TELUS has a market cap of $7.9 billion and is part of the technology sector and telecommunications industry. Shares are up 0.8% year to date as of the close of trading on Tuesday. TELUS Corporation provides telecommunications products and services primarily in Canada. The company operates through two segments, Wireless and Wireline. The Wireless segment provides digital personal communications, equipment sales, and wireless Internet services. The company has a P/E ratio of 15.6, above the average telecommunications industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.