NEW YORK ( TheStreet) -- BT Group (NYSE: BT) hit a new 52-week high Thursday as it is currently trading at $34.80, above its previous 52-week high of $34.79 with 46,141 shares traded as of 12:19 p.m. ET. Average volume has been 142,800 shares over the past 30 days.

BT Group has a market cap of $26.63 billion and is part of the technology sector and telecommunications industry. Shares are up 15.9% year to date as of the close of trading on Wednesday.

BT Group plc provides communications solutions and services worldwide. It engages in the provision of networked IT services; and local, national, and international telecommunications services for use at home, at work, and on the move. The company has a P/E ratio of 10.3, below the average telecommunications industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full BT Group Ratings Report.

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