Shares of SK Telecom Co. Ltd. (NYSE:SKM) traded at a new 52-week high today of $31.66. So far today approximately 68,000 shares have been exchanged, as compared to an average 30-day volume of 343,000 shares.
SK Telecom is Korea's largest wireless telecom operator, with 31 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.5 million broadband customers and 8.6 million broadband TV customers. The firm owns stakes in various other operators in different countries and other businesses in Korea. SK Telecom's strategy is to continue dominating the Korean wireless market and to expand its influence elsewhere in Internet-related businesses.
Potential upside of 0.6% exists for SK Telecom Co. Ltd., based on a current level of $31.57 and analysts' average consensus price target of $31.77.
In the past 52 weeks, SK Telecom Co. Ltd. share prices are bracketed by a low of $18.05 and a high of $31.66 and is now at $31.57, 75% above that low price.
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