Shares of SK Telecom Co. Ltd. (NYSE:SKM) traded today at $30.31, eclipsing its 52-week high. Approximately 159,000 shares have changed hands today, as compared to an average 30-day volume of 361,000 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.
SK Telecom Co. Ltd. share prices have moved between a 52-week high of $30.31 and a 52-week low of $17.96 and are now trading 68% above that low price at $30.10 per share.
SK Telecom Co. Ltd. (NYSE:SKM) defies analysts with a current price ($30.10) 2.1% above its average consensus price target of $29.47.
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