SK Telecom Co. Ltd. (NYSE:SKM) traded today at a new 52-week high of $29.95. This new high was reached on below average trading volume as 251,000 shares traded hands, while the average 30-day volume is approximately 364,000 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.
In the past 52 weeks, shares of SK Telecom Co. Ltd. have traded between a low of $17.26 and a high of $29.95 and is now at $29.78, which is 73% above that low price.
SK Telecom Co. Ltd. (NYSE:SKM) is currently priced 13.7% above its average consensus analyst price target of $25.71.
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