Shares of SK Telecom Co. Ltd. (NYSE:SKM) traded today at $24.81, eclipsing its 52-week high. This new high was reached on above average trading volume as 663,000 shares traded hands, while the average 30-day volume is approximately 248,000 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 5.5 million broadband customers and 4.
In the past 52 weeks, shares of SK Telecom Co. Ltd. have traded between a low of $14.07 and a high of $24.81 and is now at $24.61, which is 75% above that low price.
SK Telecom Co. Ltd. (NYSE:SKM) has potential upside of 9.8% based on a current price of $24.61 and analysts’ consensus price target of $27.03.
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